Nov. 13 at 2:02 AM
$CPT is currently trading at
$103.67, near its 30-day moving average (MA30) of
$102.35, suggesting a potential support level. The RSI at 48.11 indicates the stock is neither overbought nor oversold, reflecting a neutral market sentiment. The 50-day moving average (MA50) at
$104.8 is slightly above the current price, indicating potential resistance.
Given the 60-day high of
$112.27 and low of
$97.17, the stock is currently closer to the lower end of this range, which may suggest a bullish bias. A break above the MA50 could signal a bullish trend.
Suggested trade plan:
- Entry:
$104.00 (above MA30 and near MA50)
- Stop:
$101.50 (below recent support)
- Target 1:
$108.00 (mid-range target)
- Target 2:
$110.00 (near the 60D high)
Monitor for any shifts in RSI or price action around key moving averages for adjustments.
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