Nov. 14 at 3:35 AM
$BURL: The stock closed at
$283.07, showing strength as it is above its 30-day moving average (MA30) of
$272.07 and 50-day moving average (MA50) of
$270.24. The RSI of 63.45 indicates that the stock is approaching overbought territory, suggesting caution but also potential for continued upward momentum. The recent 60-day high of
$309.00 presents a target opportunity, while the 60-day low of
$251.14 establishes a support level.
Directional bias remains bullish as the stock is trading above key moving averages. Suggested entry point is around
$280.00 to capitalize on potential upward movement. Set a stop loss at
$273.00 to manage risk. Target 1 is
$300.00, which is a psychological level and near the upper range of the recent high. Target 2 is
$309.00, aligning with the 60-day high.
Monitor market conditions closely as RSI approaches overbought levels. https://privateprofiteers.com
