Nov. 13 at 2:52 AM
$CALM is currently trading at
$89.93, below both the 30-day moving average (MA30) of
$90.67 and the 50-day moving average (MA50) of
$96.17, indicating a bearish trend. The RSI at 44.7 suggests that the stock is neither overbought nor oversold, but closer to the lower end of the range, which may indicate potential for a reversal. The recent price action has seen a 60-day high of
$117.45 and a low of
$85.25, highlighting a significant range.
For a trade plan, consider entering a long position at
$90.50, slightly above the MA30. Set a stop loss at
$85.00, just above the 60-day low, to manage risk. Target 1 can be set at
$95.00, aligning with the MA50, and Target 2 at
$100.00, which is a psychological level and a midpoint in the recent high-low range.
This plan leverages the potential for a reversal while managing risk effectively.
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