Lear Corp (LEA): Price Now Near $190.54; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for LEA

At the time of this writing, LEA (Get Ratings)’s price is up $1.54 (0.81%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Of note is that the 50 hour changed directions on LEA; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

LEA ranks 61st in terms of today’s price percentage change out of Automobiles and Trucks stocks.

LEA’s Technical Outlook on the Daily Chart

Currently, LEA’s price is down $-1.46 (-0.76%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Lear Corp’s price action over the past 90 days can be seen via the chart below.

LEA

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