Legg Mason (LM)- Buy Long??? Scottrends.com posted LM as a long in today's Chart Logicz
Seeking Alpha Analyst Since 2011
LM is displaying relative strength while it consolidates in this Bull Flag pattern below. Our buy trigger is in the price range of $35.90 adding more shares as it goes topside through 36.50 for a trade up to target area 37.50+. Compared to other financials, LM has the highest probability of going long based on a technical daily chart pattern. Look for support levels on the Nasdaq (Compx) near 2705 and support on the SP 500 at 1303.
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