Nov. 14 at 3:51 AM
$BLD: The current market context shows a last close of
$424.41, with the RSI at 36.55 indicating that the stock is nearing oversold territory, which may suggest a potential reversal. The 30-day moving average (MA30) is at
$428.9, while the 50-day moving average (MA50) is at
$420.78, indicating a bearish trend as the price is below both MAs. The 60-day high of
$461.49 and low of
$386.5 suggest a wide trading range, with potential support near the low.
Directional bias leans bearish due to the price being under both MAs, but the low RSI indicates a possible bounce. Suggested entry is at
$420, near the MA50. Set a stop loss at
$415 to manage risk. Target 1 is
$430, aligning with the MA30, and Target 2 is
$440, which is a psychological resistance level.
Monitor for further price action around these levels.
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