A Resistance Level in the Chart of LPL Financial Holdings (LPLA)

NASDAQ: LPLA | LPL Financial Holdings Inc. News, Ratings, and Charts

LPLA – LPL Financial Holdings (LPLA) has formed a key resistance level at $85. Learn when to enter a long position.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

A key resistance level has formed in the chart of LPL Financial Holdings (LPLA).

LPL Financial Holdings (LPLA) is an independent broker/dealer that provides a platform of proprietary technology, brokerage, and investment advisory services to financial advisors and institutions. The company has benefited efforts to increase its client base. Stable advisor productivity and recruiting should continue to drive revenue during the economic slowdown.

Take a look at the 1-year chart of LPLA below with added notations:

 

Chart of LPLA provided by TradingView

LPLA has formed a level of resistance at the $85 mark (blue) over the past few months. And almost a year ago in September this level acted as resistance, and then support in November.

A trader could enter a long position on a break above the $85 level with the expectation of a breakout.

Want to Discover More Great Trades?

I have explored virtually every flavor of technical analysis and chart pattern known to mankind. The sad fact is that the vast majority of them don’t work at all.

That is why I recently put together this special report to help investors focus on the only 5 chart patterns that matter…the ones that lead to the most timely and profitable stock trades. Click below to get your copy now!

5 WINNING Stock Chart Patterns

Have a good trading day!

Good luck!

Christian Tharp, CMT

@cmtstockcoach


LPLA shares were trading at $81.83 per share on Thursday morning, up $0.78 (+0.96%). Year-to-date, LPLA has declined -10.30%, versus a 9.25% rise in the benchmark S&P 500 index during the same period.


About the Author: Christian Tharp, CMT


Christian is an expert stock market coach at the Adam Mesh Trading Group who has mentored more than 4,000 traders and investors. He is a professional technical analyst that is a certified Chartered Market Technician (CMT), which is a designation awarded by the CMT Association. Christian is also the author of the daily online newsletter Todays Big Stock. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
LPLAGet RatingGet RatingGet Rating

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!


Most Popular Stories on StockNews.com


:  |  News, Ratings, and Charts

How to Outperform the Stock Market in 2021

The S&P 500 (SPY) is up over 70% from the ferocious bear market low set in March of 2020. Let me be emphatically clear…IT WONT BE THAT EASY IN 2021! So let’s discuss the 2021 stock market outlook including a game plan to outperform in the year ahead and my top 12 picks for today’s market. Read on for more…

:  |  News, Ratings, and Charts

Is Shopify a Smart Buy for 2021?

Shopify (SHOP) has been on quite the roll, up almost 1,000% over the past three years. The stock was even recently upgraded? But is it still worth buying now? Read more to find out.

:  |  News, Ratings, and Charts

3 Auto Stocks to Buy Instead of Tesla: Ford, GM, and Tata Motors

Tesla (TSLA) is the world's most valuable automaker with an $800 billion market cap as investors are hyped about the EV boom. However, investors who want to invest in the trend might find better value and returns with legacy automakers like Tata Motors (TTM), Ford (F), and General Motors (GM).

:  |  News, Ratings, and Charts

Better Buy: Marathon Patent Group vs. Canaan

While Bitcoin has experienced a sell-off in the last couple of weeks after hitting its all-time high, cryptocurrencies in general continue to see increased interest from retail and institutional investors. Experts believe that the stock market’s bull-run is far from over because the global economy remains weak. As such, Marathon Patent Group (MARA) and Canaan, Inc. (CAN) — two major players in the crypto space — have garnered huge momentum and are poised to outpace the broader market. But, which of these stocks is a better buy now? Let’s find out.

:  |  News, Ratings, and Charts

3 Auto Stocks to Buy Instead of Tesla: Ford, GM, and Tata Motors

Tesla (TSLA) is the world's most valuable automaker with an $800 billion market cap as investors are hyped about the EV boom. However, investors who want to invest in the trend might find better value and returns with legacy automakers like Tata Motors (TTM), Ford (F), and General Motors (GM).

Read More Stories

More LPL Financial Holdings Inc. (LPLA) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All LPLA News