Nov. 14 at 5:12 AM
$CPRX: The last close at
$23.02 indicates the stock is near its 60D high of
$23.28, which suggests a potential resistance level. The RSI of 72.79 indicates that the stock is overbought, signaling a possible pullback. The MA30 at
$21.17 and MA50 at
$20.69 show a strong upward trend, but the current price exceeds these averages significantly, reinforcing the overbought condition.
Directional bias is bearish in the short term due to the high RSI and proximity to resistance. Suggested entry is at
$22.50, allowing for a potential pullback. Set a stop at
$21.80 to manage risk. Target 1 is
$23.00, just below the 60D high, and Target 2 is
$22.00, aligning with the MA30.
Monitor for a reversal signal if the price approaches the resistance.
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