Nov. 14 at 4:07 AM
$BIO
Market Context: The last close of
$316.89 indicates the stock is currently positioned above its 30-day moving average (MA30) of
$314.48 but below its 60-day high of
$343.12. The RSI at 38.12 suggests the stock is nearing oversold territory, indicating potential for upward movement.
Directional Bias: The combination of a low RSI and proximity to the MA30 suggests a potential bullish reversal. However, the stock is still below its MA50 of
$301.78, indicating caution. The recent high-low range shows a significant volatility span (60D High of
$343.12 and Low of
$266.71), allowing for potential price movement.
Suggested Entry: Consider entering at
$318, slightly above the last close to confirm upward momentum.
Stop: Set a stop at
$310 to limit potential losses.
Targets: Aim for a first target at
$330, near the previous resistance, and a second target at
$340, approaching the recent high.
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