Nov. 14 at 4:54 AM
$AVT is currently trading at
$46.75, significantly below its 30-day moving average (MA30) of
$49.99 and 50-day moving average (MA50) of
$51.17, indicating a bearish trend. The RSI at 19.62 suggests that the stock is oversold, which could lead to a potential reversal or bounce in price. The recent 60-day high of
$55.92 provides a resistance level, while the 60-day low of
$46.39 offers a support level.
Given the oversold RSI, consider a potential long entry around
$46.50, slightly above the 60D low, to capture a bounce. Set a stop-loss at
$46.00 to limit downside risk. Target 1 can be set at
$48.50, near the MA30, and Target 2 at
$50.00, approaching the MA50.
Monitor for confirmation of upward momentum before entering.
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