LXS kept trading in a range between roughly 59 and 65 since December 2020. This friday, the markets dipped and took LXS with them. Initially I wanted to start looking for a long position around 59.50 but the stock broke that 59 support. So now I'm looking at a stop/loss around 57.30, the little plateau back before it entered the 59-65 trading range, hoping for a recovery into the channel and optimally into higher 60s again.
Comment:
this didn't go so well yet but we're still above that little plateau from the end of November. Stopped out but still following to see what happens!
