Nov. 21 at 3:48 AM
$ARWR is currently trading at
$38.09, which is below both the 30-day moving average (MA30) of
$39.15 and the 50-day moving average (MA50) of
$36.73, indicating a bearish trend. The RSI at 35.31 suggests the stock is approaching oversold conditions, which could lead to a potential reversal. However, the stock remains significantly above its 60-day low of
$21.61, indicating that there is still room for downward movement.
Given the current market context, a cautious approach is warranted. Suggested entry could be around
$37.50, just above the MA50. A stop-loss should be placed at
$35.50 to limit potential losses. For targets, consider
$40.00, aligning with the MA30, and
$42.00, near the 60-day high of
$43.69, if momentum shifts positively.
Monitor the ATR of 2.5 to gauge volatility and adjust stop-loss accordingly.
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