Nov. 13 at 2:01 AM
$AYI is currently trading at
$359.03, showing a neutral RSI of 51.58, indicating no strong momentum in either direction. The price is slightly below the 30-day moving average (MA30) of
$360.72, suggesting a potential bearish bias in the short term. However, the price is above the 50-day moving average (MA50) of
$351.62, which may provide support.
Given the 60-day high of
$375.67 and low of
$311.24, the stock has a considerable range, indicating potential volatility. A suggested entry point could be at
$360, slightly above the MA30, with a stop loss set at
$351 to limit downside risk.
For targets, consider
$370, which is a reasonable resistance level, and
$375, aligning with the recent high. This plan allows for a risk-reward ratio that aligns with current market conditions.
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