Nov. 14 at 3:04 AM
$AJG: The last close at
$256.71 indicates a bearish market context, with an RSI of 31.36 suggesting that the stock is oversold. The MA30 at
$276.0 and MA50 at
$285.68 further confirm a downward trend, as the price is below both moving averages. The 60D high of
$313.55 and low of
$239.47 indicates a significant range, with current pricing closer to the low, suggesting potential for a bounce but also risk of further declines.
Directional bias is bearish due to the RSI and position relative to MAs. Suggested entry could be around
$240, near the 60D low, with a stop loss set at
$230 to manage risk. Target 1 can be set at
$270, aligning with the MA30, while Target 2 can be at
$280, near the MA50. This plan allows for potential recovery while protecting against further downside.
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