Nov. 14 at 4:03 AM
$BAX is currently trading at
$18.7, significantly below its 30-day moving average (MA30) of
$21.17 and 50-day moving average (MA50) of
$22.04, indicating a bearish trend. The RSI at 17.47 suggests that the stock is oversold, which may indicate a potential for a rebound. However, the recent 60-day high of
$24.72 and low of
$17.47 show a tight range, implying limited volatility.
Directional bias leans bearish due to the MA positioning, but the oversold RSI could trigger a short-term corrective rally. Suggested entry point is at
$19.00, with a stop loss set at
$17.40 to limit potential losses. Target 1 is
$20.00, aligning with the MA30, and Target 2 is
$21.00, near the MA50.
This plan accounts for the current market context and technical indicators, aiming to capitalize on a potential rebound while managing risk effectively.
https://privateprofiteers.com
