Nov. 14 at 11:29 PM
$ELV is currently trading at
$325.83, showing a bearish market context as it is below both the 30-day moving average (MA30) of
$336.85 and the 50-day moving average (MA50) of
$329.73. The RSI at 39.86 indicates that the stock is nearing oversold territory, suggesting potential for a reversal or bounce. However, the stock remains within the 60-day high of
$364.87 and low of
$300.81, indicating a range-bound environment.
Suggested entry point is around
$325, with a stop loss set at
$315 to limit potential losses. Target 1 is set at
$335, aligning with the MA30, while Target 2 is at
$350, providing a favorable risk-reward ratio. Monitor price action closely for any signs of strength or weakness as it approaches these levels.
For further insights and strategies, visit https://privateprofiteers.com.
https://privateprofiteers.com
