Lancaster Colony $LANC Technical Update
The Lancaster Colony (NASDAQ: LANC) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for LANC, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Review the Trading Plans:
Long Term Trading Plans for LANC
September 6, 2018, 6:15 pm ET
The Technical Summary and Trading Plans for LANC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this LANC Report.
LANC – (Long) Support Plan
Buy over 145.42 target 159.81 stop loss @ 145.16.
The technical summary data tells us to buy LANC near 145.42 with an upside target of 159.81. This data also tells us to set a stop loss @ 145.16 to protect against excessive loss in case the stock begins to move against the trade. 145.42 is the first level of support below 157.68 , and by rule, any test of support is a buy signal. In this case, support 145.42 is being tested, a buy signal would exist.
LANC – (Short) Resistance Plan
Short under 159.81 target 145.42 stop loss @ 160.07
The technical summary data is suggesting a short of LANC as it gets near 159.81 with a downside target of 145.42. We should have a stop loss in place at 160.07 though. 159.81 is the first level of resistance above 157.68, and by rule, any test of resistance is a short signal. In this case, if resistance 159.81 is being tested, a short signal would exist.
This post was originally published on *this site*