Nov. 13 at 1:33 AM
$EQR is currently trading at
$60.51, below both the 30-day moving average (MA30) of
$61.58 and the 50-day moving average (MA50) of
$63.09, indicating a bearish market context. The RSI at 36.06 suggests that the stock is nearing oversold territory, which may present a potential reversal opportunity. The recent 60-day high of
$67.12 and low of
$58.38 indicate a range that can be leveraged for trading decisions.
For a potential trade plan, consider entering a long position if
$EQR breaks above the MA30 at
$61.58, signaling a shift in momentum. Suggested entry point is
$61.60, with a stop loss set at
$58.00 to manage risk. Initial target could be set at
$64.00, aligning with the MA50, and a secondary target at
$66.00, near the recent high.
This plan allows for a calculated approach based on current metrics while managing risk effectively.
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