Oct 14, 2020 (Stock Traders Daily via COMTEX) -- Technical Summary
The Technical Summary and Trading Plans for LDOS 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 LDOS Report.
The technical summary data tells us to buy LDOS near 82.88 with an upside target of 94.29. This data also tells us to set a stop loss @ 82.64 to protect against excessive loss in case the stock begins to move against the trade. 82.88 is the first level of support below 88.78 , and by rule, any test of support is a buy signal. In this case, support 82.88 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of LDOS as it gets near 94.29 with a downside target of 82.88. We should have a stop loss in place at 94.56 though. 94.29 is the first level of resistance above 88.78, and by rule, any test of resistance is a short signal. In this case, if resistance 94.29 is being tested, so a short signal would exist.
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