Nov. 13 at 1:42 AM
$CHRW is currently trading at
$151.07, above its 30-day moving average (MA30) of
$136.05 and 50-day moving average (MA50) of
$134.28, indicating a strong bullish trend. However, the RSI at 76.04 suggests that the stock is overbought, which may lead to a price correction. The recent 60-day high of
$158.7 and low of
$120.65 further illustrate the volatility and potential for price movement.
Given the overbought RSI, a cautious approach is warranted. Suggested entry could be around
$148.00, allowing for a pullback. Set a stop-loss at
$145.00 to manage risk. Target 1 can be set at
$155.00, aligning with the recent high, while Target 2 can be at
$158.00, just below the 60-day high.
Monitor the stock closely for any signs of reversal or continued strength.
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