Nov. 20 at 8:37 AM
$ARE: The last close at
$52.29 indicates a significant downturn, especially with an RSI of 14.86, suggesting the stock is heavily oversold. The 30-day moving average (MA30) at 66.57 and the 50-day moving average (MA50) at 73.91 further confirm a bearish trend, as the price is well below both MAs. The 60-day high of 88.24 and low of 51.63 establishes a range, and the current price is closer to the low, indicating potential for a rebound but also risk of further decline.
Directional bias is bearish due to the oversold RSI and the distance from MAs. Suggested entry could be at
$51.80, slightly above the 60D low, to capture potential upside. Set a stop loss at
$50.50 to limit downside risk. Target 1 at
$55.00 aligns with a minor resistance level, while Target 2 at
$58.00 is closer to the MA30, providing a more ambitious goal.
https://privateprofiteers.com
