Nov. 15 at 1:20 AM
$EBC is currently trading at
$17.42, below both the 30-day moving average (MA30) of
$17.87 and the 50-day moving average (MA50) of
$17.83, indicating a bearish short-term trend. The RSI of 46.74 suggests that the stock is neither overbought nor oversold, reflecting a neutral momentum. The recent high of
$19.11 and low of
$15.74 over the last 60 days establishes a range that can be utilized for trade planning.
Given the current price is closer to the 60D low, a potential reversal could be anticipated. Suggested entry point is at
$17.50, slightly above the last close to confirm upward momentum. A stop loss can be set at
$17.00 to limit downside risk. For targets, consider
$18.00 as the first target, aligning with resistance near the MA30, and
$18.50 as a second target, approaching the recent high.
This trade plan leverages the current market context and technical indicators effectively.
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