Nov. 14 at 11:20 PM
$DHR is currently at
$221.21, showing a neutral RSI at 50.4, indicating no strong momentum in either direction. The price is above both the 30-day moving average (MA30) at
$213.15 and the 50-day moving average (MA50) at
$205.62, suggesting a bullish short-term trend. However, the absence of a 200-day moving average limits long-term trend analysis.
Given the recent 60-day high of
$234.99 and low of
$180.03, the stock has room for upward movement towards the high. A potential entry point could be set at
$223.50, slightly above the current close, to capture momentum. A stop loss can be placed at
$218.00 to limit risk, while targeting
$230.00 and
$234.00 for profit-taking, aligning with the recent high.
Overall, the trade plan is cautiously bullish, leveraging short-term moving averages and recent price action.
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