Nov. 13 at 3:07 AM
$AVA is currently trading at
$41.86, near its 60-day high of
$41.94, indicating strong upward momentum. The RSI at 75.04 suggests the stock is overbought, which may lead to a potential pullback. The 30-day moving average (MA30) at 38.48 and the 50-day moving average (MA50) at 37.72 indicate a bullish trend, as the price is well above these averages.
Given the current market context, a cautious approach is warranted. A suggested entry point would be around
$41.50, allowing for a slight retracement. Set a stop loss at
$40.50 to manage risk. For profit targets, consider
$42.50 as the first target and
$43.00 as a second target, taking advantage of the upward momentum while being mindful of the overbought RSI.
Monitor for potential reversal signals as the price approaches the targets.
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