Nov. 14 at 11:57 PM
$DGX is currently trading at
$186.95, showing a strong position above its 30-day (MA30) and 50-day (MA50) moving averages of
$182.36 and
$182.94, respectively. The RSI at 61.93 indicates bullish momentum but is approaching overbought territory, suggesting caution. The recent 60-day high of
$197.55 provides a potential resistance level, while the low of
$174.33 indicates a solid support range.
Given this context, the directional bias is bullish, supported by the price action above key moving averages and the recent high.
Suggested entry point:
$187.50, slightly above the last close to confirm upward momentum.
Stop loss:
$183.50, below the MA30 to limit risk.
Target 1:
$195.00, near the 60D high.
Target 2:
$200.00, a psychological level.
Monitor RSI for signs of reversal as price approaches targets.
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