Nov. 15 at 8:09 AM
$CMI is currently showing a strong market context with a last close of
$462.61, indicating bullish sentiment. The RSI at 65.91 suggests that the stock is nearing overbought territory, which may limit upside potential in the short term. However, the price is well above the 30-day moving average (MA30) of
$435.87 and the 50-day moving average (MA50) of
$428.34, reinforcing a bullish trend.
Given the 60-day high of
$484.84 and low of
$389.52, the price is currently closer to the high, indicating potential resistance ahead. Suggested entry point is at
$460.00, with a stop loss set at
$447.00 to manage risk. Target 1 is
$480.00, aligning with the recent high, and Target 2 is
$485.00, slightly above the 60D high, allowing for potential breakout gains.
Overall, maintain a cautious approach due to the elevated RSI while capitalizing on the bullish trend. https://privateprofiteers.com
