Nov. 13 at 2:27 AM
$ADT is currently trading at
$8.12, near the lower end of its 60-day range (high of
$8.94, low of
$7.76). The RSI at 30.43 indicates that the stock is oversold, suggesting potential for a rebound. Both the 30-day MA at
$8.56 and the 50-day MA at
$8.61 are above the current price, indicating short-term bearish momentum but also potential resistance levels for upward movement.
Directional bias is cautiously bullish due to the oversold RSI, which may attract buyers. Suggested entry is at
$8.15, slightly above the current price to confirm upward movement. Set a stop loss at
$7.75 to limit downside risk.
Targets are set at
$8.50 (near the 30-day MA) and
$8.75 (midway between the 60D high and low), allowing for a favorable risk-reward ratio. Monitor the ATR of
$0.22 for volatility considerations.
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