Nov. 14 at 3:38 AM
$AVAV is currently trading at
$295.49, significantly below its 30-day moving average (MA30) of
$367.29 and 50-day moving average (MA50) of
$332.33, indicating a bearish trend. The RSI at 11.23 suggests that the stock is oversold, which may lead to a potential reversal or bounce. However, the absence of a 200-day moving average limits long-term trend analysis.
Given the 60-day high of
$417.86 and low of
$220.88, the stock is closer to the lower end of this range, which may provide a support level.
Suggested trade plan:
- Entry:
$290 (anticipating a bounce from the oversold condition)
- Stop:
$275 (to limit potential losses)
- Target 1:
$320 (near the 50-day MA)
- Target 2:
$350 (a psychological level and near the 30-day MA)
Monitor for any signs of reversal, as the current RSI indicates potential for a short-term recovery.
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