Lincoln National Near the 50 Day

Published on Monday, 08 March 2010 20:36 Written by Christian Paolinetti

New York, March 8th (TradersHuddle.com) - Shares of Lincoln National Corporation (NYSE"LNC) closed the trading day at $26.94 very close to its 50 day moving average currently set at $25.64. Lincoln National's price action is just above this important support level translating into a trading opportunity.

Lincoln National Corporation (NYSE:LNC) owns and operates wealth accumulation and protection businesses. The Pennsylvania based company sells a wide range of products including institutional and/or retail fixed and indexed annuities, variable annuities, universal life insurance, variable universal life insurance, term life insurance, mutual funds, and managed accounts.

Looking at peaks and troughs horizontal support and resistance levels, we can see current calculated support at $24.42 and calculated resistance at $26.55. These levels should also be evaluated by traders when planning their trades, as they provide an insight into the latest price action.

Traders wanting to establish a position on Lincoln National will be looking at the price action for evidence of buying near the 50 day moving average, and opening a position as close as possible to this important level. Also traders will be looking at the latest price action, via the stocks current range previously defined for insights of other ley levels that might affect their upside or downside.