Nov. 14 at 3:29 AM
$DXCM is currently trading at
$59.72, with an RSI of 30.3, indicating it is in oversold territory, suggesting a potential reversal or bounce. The 30-day moving average (MA30) is at 64.7, and the 50-day moving average (MA50) is at 67.7, both above the current price, indicating a bearish trend in the short to medium term. The 60-day high of 82.36 and low of 54.11 suggest a range-bound market, with current price closer to the low.
Directional bias is cautiously bullish due to the oversold RSI, which may lead to a short-term recovery. Suggested entry is at
$60.50, slightly above the last close to confirm upward momentum. Set a stop loss at
$57.50 to manage risk. Target 1 is
$64.00, near the MA30, and Target 2 is
$67.00, close to the MA50.
Monitor market conditions closely, as the overall trend remains bearish.
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