Nov. 15 at 9:05 AM
$EGP: The current market context shows a last close of
$176.66, sitting above the 30-day moving average (MA30) of
$175.64 and significantly above the 50-day moving average (MA50) of
$172.42. The RSI at 44.36 indicates a neutral to slightly bearish sentiment, suggesting that the stock is not currently overbought or oversold. The price is within the 60-day high-low range of
$183.38 and
$163.10, indicating potential for movement.
Directional bias leans slightly bullish due to the price being above the MA30. Suggested entry point is at
$177.00, with a stop loss set at
$174.00 to mitigate risk. Target 1 is
$180.00, aligning with resistance near the 60D high, and Target 2 is
$182.00, providing a conservative approach for further gains.
Monitor the ATR of 2.68 for volatility adjustments.
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