Hubert Senters here.
Let’s take a look at LEN, Lanier Corporation. Looks like a decent long here. You can see that the candlestick is above the cloud. It’s going to close above the cloud. That’s a good thing. And the lagging line is going with it. It’s always good when that happens. If it continues on its bullish ways it can probably hit the $52 mark.
Now, heads up even with the markets going up. I was just telling Karen and Jared in the background. I was like man, the markets are going up but they still look really weak even though they’re going up which sounds odd right like if the markets going up you’d think like it looks strong. It’s actually acts quite weak when I’m looking at stuff and trying to find good longs and good shorts.
I’m still finding better plays that are on the short side than the long side. But I know a lot of you like to go long so I’m throwing you a little bone here on the long side LEN with a potential target of $52 to $54. Your stop-loss would be around $44-ish so you’d be risking in about two and a half points on this trade in order to potentially try to make about 10 points.
I’m going to be speaking at the Wealth365 event, January 24th at 12PM EST. Go ahead and sign up. It’s about 11 days away when the event starts anyway. That’s probably Monday. I’m not speaking on the Thursday so probably a few more days after that so all you need to do is put your first name here, your e-mail address and then click CLAIM YOUR FREE SEAT NOW.
Good luck. Hope it helps. And I’ll see you on the next video.