Nov. 15 at 12:28 AM
$CPB is currently trading at
$31.29, showing a neutral RSI of 48.95, indicating no immediate overbought or oversold conditions. The price is above the 30-day moving average (MA30) of
$30.66 but below the 50-day moving average (MA50) of
$31.54, suggesting a mixed market context. The 60-day high of
$34.17 provides a resistance level, while the low of
$29.61 offers support.
Directional bias leans slightly bullish due to the price being above the MA30, but the proximity to the MA50 indicates potential resistance ahead.
Suggested entry is around
$31.00, with a stop loss at
$30.50 to manage risk. Target 1 is set at
$32.50, aligning with a potential breakout above the MA50, while Target 2 is at
$34.00, near the 60D high.
This plan allows for a measured approach, leveraging current metrics for potential upside while managing downside risk.
https://privateprofiteers.com
