Nov. 13 at 1:46 AM
$CRS is currently trading at
$323.12, above its 30-day moving average (MA30) of
$279.09 and 50-day moving average (MA50) of
$264.42, indicating a bullish trend. However, the RSI of 78.13 suggests that the stock is overbought, which may lead to a pullback. The recent 60-day high of
$338.08 presents a potential resistance level, while the 60-day low of
$228.00 indicates strong support.
Given the overbought RSI and proximity to the recent high, a cautious approach is warranted. Suggested entry could be around
$315.00, providing a buffer against potential pullbacks. A stop loss should be set at
$307.00 to limit risk.
Targets can be set at
$335.00, just below the 60D high, and a more aggressive target at
$345.00, leveraging the bullish momentum if it continues.
Monitor the RSI for signs of reversal and adjust positions accordingly.
https://privateprofiteers.com
