Nov. 13 at 3:11 AM
$ARLP: The stock is currently trading at
$24.68, slightly below the 30-day moving average (MA30) of
$24.69, indicating a neutral to slightly bearish sentiment. The RSI at 54.25 suggests that the stock is neither overbought nor oversold, supporting a balanced outlook. The 50-day moving average (MA50) at
$24.22 provides a support level, while the 60-day high of
$25.88 presents a potential resistance level.
Market context shows a range between the 60-day high of
$25.88 and the low of
$22.20. Given the current price near the MA30, a cautious bullish bias is warranted if the price breaks above
$24.69.
Suggested trade plan:
- Entry:
$24.70 (break above MA30)
- Stop:
$24.00 (below MA50)
- Target 1:
$25.00 (psychological level)
- Target 2:
$25.50 (near 60D high)
Monitor for price action around these levels to adjust strategy accordingly.
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