Nov. 14 at 3:53 AM
$EXEL: The current market context shows a last close at
$42.35, with an RSI of 67.34 indicating that the stock is nearing overbought territory. The 30-day moving average (MA30) is at
$39.35, and the 50-day moving average (MA50) is at
$39.40, suggesting a bullish trend as the price is above both MAs. The 60-day high of
$43.72 presents a resistance level, while the low of
$33.76 indicates a solid support base.
Directional bias is moderately bullish due to the price being above the MAs and the recent price action approaching the 60D high. Suggested entry could be around
$42.00 to capitalize on potential upward movement. Set a stop loss at
$40.80 to manage risk. Target 1 can be set at
$43.00, just below the 60D high, with Target 2 at
$44.00 for further upside potential.
Monitor RSI closely for signs of reversal as it approaches overbought levels.
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