Nov. 14 at 4:19 AM
$AN is currently trading at
$196.82, which is below both the 30-day moving average (MA30) of
$205.98 and the 50-day moving average (MA50) of
$212.16, indicating a bearish market context. The RSI at 44.74 suggests that the stock is neither overbought nor oversold, but closer to the oversold territory, which may indicate potential for a reversal. The price is also within the 60-day high-low range of
$187.69 to
$228.92, providing a backdrop for potential upward movement.
Suggested entry point is at
$198.00, slightly above the last close to confirm upward momentum. Set a stop loss at
$195.00 to manage risk. Target 1 is at
$205.00, aligning with the MA30, and Target 2 is at
$210.00, near the MA50. This plan allows for a potential recovery while managing downside risk effectively.
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