Nov. 21 at 2:11 AM
$DHR is currently trading at
$222.17, showing a strong bullish sentiment as indicated by the RSI of 63.11, which suggests the stock is nearing overbought territory but still has room for upward movement. The price is above both the 30-day moving average (MA30) of
$215.17 and the 50-day moving average (MA50) of
$207.81, reinforcing a bullish trend. The recent high of
$234.99 indicates potential resistance, while the low of
$180.03 provides a solid support level.
Suggested entry point is at
$223.00, slightly above the last close to confirm upward momentum. Set a stop loss at
$218.00 to manage risk. Target 1 can be set at
$230.00, which is a reasonable level below the recent high, while Target 2 can be set at
$235.00, positioning for a breakout.
Overall, the bullish indicators and the price action suggest a favorable trading opportunity.
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