Nov. 13 at 3:18 AM
$COLM is currently trading at
$52.52, with an RSI of 47.76 indicating a neutral momentum, suggesting neither overbought nor oversold conditions. The price is above the 30-day moving average (MA30) of
$52.12 but below the 50-day moving average (MA50) of
$52.95, indicating a potential resistance level. The recent high of
$58.48 and low of
$47.47 over the last 60 days creates a range that can be utilized for trading decisions.
Directional bias leans slightly bullish due to the price being above the MA30, but caution is warranted given the proximity to the MA50. Suggested entry is at
$53.00, just above the MA30, with a stop loss set at
$51.50 to limit downside risk. Target 1 is
$55.00, near the midpoint of the 60D range, and Target 2 is
$56.50, approaching the recent high.
Monitor market conditions closely for any shifts in momentum.
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