Nov. 15 at 12:19 AM
$EHC is currently trading at
$113.46, well below its 30-day moving average (MA30) of
$120.83 and 50-day moving average (MA50) of
$122.62, indicating a bearish trend. The RSI at 18.06 suggests that the stock is significantly oversold, which may lead to a potential reversal or short-term bounce. The 60-day high of
$127.99 and low of
$107.52 establishes a range, with current price closer to the low, reinforcing downside risk.
Suggested trade plan: Look for a potential entry around
$112.00, anticipating a bounce due to the oversold RSI. Set a stop loss at
$106.00 to manage risk. Target 1 can be set at
$118.00, aligning with the MA30, and Target 2 at
$122.00, near the MA50. This plan capitalizes on a possible short-term recovery while maintaining a clear risk management strategy.
For more insights, visit https://privateprofiteers.com.
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