Nov. 13 at 2:59 AM
$ACAD is currently trading at
$23.72, showing a strong upward momentum with an RSI of 66.34, indicating it is nearing overbought territory. The stock is above its 30-day moving average (MA30) of 21.69 and its 50-day moving average (MA50) of 22.51, suggesting a bullish trend. However, the RSI indicates caution as it approaches overbought levels.
Given the 60-day high of 26.65, there is potential for further upside, but the current price is also close to the 60-day low of 19.69, indicating volatility.
Suggested entry is at
$23.50, with a stop loss set at
$22.50 to manage risk. Target 1 is
$25.00, aligning with a psychological resistance level, and Target 2 is
$26.00, approaching the recent high.
Overall, maintain a bullish bias while being aware of potential pullbacks due to the RSI level.
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