Nov. 14 at 4:44 AM
$BDC is currently trading at
$112.01, below its 30-day moving average (MA30) of
$116.53 and 50-day moving average (MA50) of
$120.88, indicating a bearish trend. The RSI of 35.52 suggests that the stock is approaching oversold territory, which may indicate a potential reversal or bounce. However, the proximity to the 60-day low of
$109.32 reinforces the bearish sentiment, as it indicates a lack of upward momentum.
For a trade plan, consider entering a short position if the price breaks below
$109.32, with a stop loss set at
$112.50 to limit potential losses. Target 1 could be set at the 60-day low of
$109.32, while Target 2 could be aimed at the ATR level of
$108.01, allowing for a reasonable risk-reward ratio.
Conversely, if the price shows signs of reversal above
$112, a long position could be considered, with a stop at
$110 and targets at
$116.53 (MA30) and
$120.88 (MA50).
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