Nov. 15 at 12:20 AM
$CCK is currently trading at
$97.14, with an RSI of 45.4, indicating a neutral momentum. The price is above the 30-day MA of
$95.92 and the 50-day MA of
$95.82, suggesting a potential bullish trend. However, the RSI indicates that the stock is not yet overbought or oversold, which supports a cautious approach.
Given the 60-day high of
$102.85 and a low of
$89.21, the current price is closer to the midpoint of this range, allowing for potential upward movement.
Suggested trade plan:
- Entry:
$97.50, above the current close to confirm bullish sentiment.
- Stop:
$95.50, just below the 30-day MA to limit losses.
- Target 1:
$100.00, a psychological resistance level.
- Target 2:
$102.00, approaching the 60-day high.
Monitor market conditions closely, as volatility (ATR of 2.69) may impact trade execution.
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