Nov. 15 at 1:45 AM
$AGIO is currently trading at
$42.54, with an RSI of 46.75 indicating it is neither overbought nor oversold, suggesting a neutral market sentiment. The price is above the 30-day moving average (MA30) of
$41.85 and the 50-day moving average (MA50) of
$40.13, which supports a bullish bias. The recent high of
$44.55 within the last 60 days indicates potential resistance, while the low of
$32.7 suggests a solid support level.
Given this context, a suggested entry point is at
$42.70, slightly above the last close to confirm upward momentum. A stop loss can be set at
$41.50 to limit potential losses. Target 1 can be set at
$44.00, approaching the recent high, while Target 2 can be set at
$44.50, just above the 60-day high, to maximize profit potential.
Overall, the trade plan suggests a bullish approach, capitalizing on the upward trend indicated by the moving averages and the recent price range.
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