Nov. 15 at 10:00 AM
$ADMA is currently trading at
$15.56, with an RSI of 49.71 indicating a neutral momentum. The 30-day moving average (MA30) is at
$15.01, while the 50-day moving average (MA50) is at
$15.24, suggesting that the stock is above short-term support but below the longer-term trend. The recent 60-day high of
$17.83 and low of
$13.76 indicate a range-bound market, with potential resistance near
$17.83.
Directional bias is neutral, but the stock is closer to the upper end of its recent range. A potential entry point could be at
$15.75, anticipating a breakout above the MA50. A stop-loss can be placed at
$15.00 to limit risk.
Targets can be set at
$16.50, aligning with a previous resistance level, and a more aggressive target at
$17.00, nearing the 60D high.
Overall, the strategy is to capitalize on a potential upward movement while managing risk effectively.
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