Nov. 13 at 1:20 AM
$CPRT: The current market context shows a last close of
$41.29, significantly below the 30-day moving average (MA30) of
$43.67 and the 50-day moving average (MA50) of
$44.94, indicating bearish sentiment. The RSI at 25.93 suggests the stock is oversold, which could signal a potential reversal or bounce. The recent high of
$50.11 and low of
$39.58 further highlight the stock's volatility and potential for a short-term recovery.
Directional bias leans towards a cautious bullish stance, anticipating a rebound from the oversold condition. Suggested entry is around
$41.50, with a stop loss at
$39.50 to manage risk. Target 1 is set at
$43.00, aligning with the MA30, while Target 2 is at
$44.00, near the MA50. This plan capitalizes on potential short-term recovery while respecting the current bearish trend.
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