Nov. 13 at 3:25 AM
$ALRM: The current market context shows the stock closing at
$50.59, with an RSI of 47.76 indicating a neutral momentum, suggesting no immediate overbought or oversold conditions. The 30-day moving average (MA30) is at
$50.48, slightly below the last close, while the 50-day moving average (MA50) at
$52.3 indicates potential resistance above. The recent high of
$59.53 and low of
$46.65 over the past 60 days suggest a trading range that could be exploited.
Directional bias leans slightly bearish given the proximity of the last close to the MA30 and the RSI indicating a lack of strong momentum.
Suggested entry:
$50.30 (below current close to confirm bearish sentiment).
Stop:
$51.00 (above recent resistance).
Targets:
$48.00 (first target, near the 60D low) and
$46.75 (second target, slightly above the 60D low).
Monitor for any changes in momentum indicators.
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