Nov. 13 at 3:16 AM
$BKE is currently trading at
$56.68, showing a moderately bullish market context. The RSI at 56.93 indicates that the stock is neither overbought nor oversold, suggesting potential for upward movement. The price is above the 30-day moving average (MA30) of 55.63, which is a positive sign, but slightly below the 50-day moving average (MA50) of 57.3, indicating some resistance ahead.
Given the recent 60-day high of 61.69 and low of 52.49, the stock has room to move upward. A suggested entry point could be at
$57.00, slightly above the MA50, which may act as a breakout level. A stop-loss can be placed at
$55.00 to manage risk effectively.
Targets could be set at
$60.00, near the 60D high, and a secondary target at
$61.00, allowing for a potential gain while considering the ATR of 1.5 for volatility.
Overall, the trade plan leans bullish with a focus on breakout potential.
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