Nov. 13 at 1:16 AM
$BKR: The last close at
$49.15 shows a strong position above the 30-day moving average (MA30) of
$47.31 and the 50-day moving average (MA50) of
$47.37, indicating bullish momentum. The RSI at 57.66 suggests that the stock is neither overbought nor oversold, allowing for further upside potential. The recent high of
$50.93 provides a resistance level, while the low of
$42.56 offers a solid support base.
Directional bias is bullish due to the price being above both MAs and the RSI indicating strength. Suggested entry is at
$49.20, slightly above the last close to confirm upward momentum. Set a stop loss at
$47.80 to manage risk.
Target 1 is set at
$50.50, just below the 60D high, while Target 2 is at
$51.00, allowing for potential breakout gains. This plan aligns with current metrics and market context for
$BKR.
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