Nov. 14 at 3:10 AM
$CAH: The stock closed at
$206.06, near the 60D high of
$207.47, indicating strong upward momentum. However, the RSI at 94.61 suggests that the stock is overbought, which may lead to a pullback. The MA30 at
$172.83 and MA50 at
$164.48 indicate a bullish trend over the short to medium term, but the absence of a MA200 limits long-term trend analysis.
Directional bias is cautiously bullish, but the high RSI warns of potential short-term corrections. Suggested entry is at
$204.50, just below the last close, to capitalize on potential upward movement while allowing for a stop at
$200 to manage risk.
Targets are set at
$210 for a moderate gain and
$215 for a more aggressive target, considering the stock's proximity to its recent high. Monitor RSI for signs of reversal or continued strength.
https://privateprofiteers.com
