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November 02, 2024, 20:10 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The technical summary data tells us to buy LNTH near 93.84 with an upside target of 108.87. This data also tells us to set a stop loss @ 93.57 to protect against excessive loss in case the stock begins to move against the trade. 93.84 is the first level of support below 107.98 , and by rule, any test of support is a buy signal. In this case, support 93.84 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of LNTH as it gets near 108.87 with a downside target of 93.84. We should have a stop loss in place at 109.18though. 108.87 is the first level of resistance above 107.98, and by rule, any test of resistance is a short signal. In this case, if resistance 108.87 is being tested, so a short signal would exist.

If 108.87 begins to break higher, the technical summary data tells us to buy LNTH just slightly over 108.87, with an upside target of 110.15. The data also tells us to set a stop loss @ 108.56 in case the stock turns against the trade. 108.87 is the first level of resistance above 107.98, and by rule, any break above resistance is a buy signal. In this case, 108.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

The technical summary data is suggesting a short of LNTH if it tests 108.87 with a downside target of 106.23. We should have a stop loss in place at 109.18 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 108.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

If 108.87 begins to break higher, the technical summary data tells us to buy LNTH just slightly over 108.87, with an upside target of 109.16. The data also tells us to set a stop loss @ 108.62 in case the stock turns against the trade. 108.87 is the first level of resistance above 107.98, and by rule, any break above resistance is a buy signal. In this case, 108.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

The technical summary data is suggesting a short of LNTH if it tests 108.87 with a downside target of 106.88. We should have a stop loss in place at 109.12 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 108.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Lantheus Holdings Inc. (NASDAQ: LNTH) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for LNTH can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.