Nov. 13 at 1:20 AM
$CCI is currently trading at
$94.08, below both the 30-day moving average (MA30) of
$94.81 and the 50-day moving average (MA50) of
$94.78, indicating a bearish market context. The RSI at 40.64 suggests that the stock is nearing oversold territory but has not yet reached it, which may limit immediate upward momentum.
Given the 60-day high of
$104.61 and low of
$87.71, the current price is closer to the low end of this range, suggesting potential for a bounce.
Suggested entry is at
$94.50, slightly above the current close to confirm upward movement. Set a stop loss at
$92.50 to manage risk. Target 1 is
$97.00, aligning with short-term resistance, and Target 2 is
$100.00, which is a psychological level and near the midpoint of the recent high-low range.
Monitor market conditions closely, as volatility indicated by the ATR of 2.82 could impact price movement.
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