Nov. 15 at 9:27 AM
$DLB is currently trading at
$65.56, below both the 30-day moving average (MA30) of
$67.45 and the 50-day moving average (MA50) of
$69.24, indicating a bearish trend in the short to medium term. The RSI of 39.17 suggests that the stock is nearing oversold territory, which could indicate a potential reversal or bounce. The recent 60-day high of
$75.66 and low of
$64.38 further highlight the current price's proximity to the lower range, suggesting limited downside risk.
Trade Plan:
- Directional Bias: Bearish to neutral, with potential for a bounce.
- Suggested Entry:
$65.00 (below current price to confirm weakness).
- Stop:
$63.50 (to limit losses if the downward trend continues).
- Target 1:
$67.00 (near MA30).
- Target 2:
$69.00 (near MA50).
Monitor for signs of reversal given the low RSI. Adjust targets based on market conditions.
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