Nov. 13 at 2:10 AM
$AOS is currently trading at
$65.79, below both the 30-day moving average (MA30) of
$68.61 and the 50-day moving average (MA50) of
$70.27, indicating a bearish trend. The RSI at 37.25 suggests the stock is approaching oversold conditions, which may lead to a potential reversal. The recent 60-day high of
$75.2 and low of
$64.92 establishes a range that can be utilized for setting targets.
Directional bias is bearish, but with the RSI indicating potential for upward movement, a cautious approach is warranted.
Suggested entry:
$66.00 (slightly above current close to confirm upward movement).
Stop loss:
$64.50 (below the recent low to manage risk).
Target 1:
$68.00 (near MA30).
Target 2:
$70.00 (near MA50).
Monitor for signs of reversal, as the stock could bounce back from the current levels.
https://privateprofiteers.com
