Nov. 13 at 1:28 AM
$FITB: The last close at
$43.11 indicates a position near the higher end of the recent trading range, with a 60D high of
$46.6 and a low of
$40.05. The RSI at 67.66 suggests that the stock is nearing overbought territory, which may limit upside potential in the short term. The MA30 at
$42.58 is below the current price, providing support, while the MA50 at
$43.73 is slightly above, indicating potential resistance.
Directional bias is cautiously bullish, as the price is above the MA30 but facing resistance at the MA50. Suggested entry is around
$43.00 to capitalize on potential pullbacks. Set a stop loss at
$42.50 to manage risk. Target 1 is
$44.50, aligning with a potential breakout above the MA50, and Target 2 is
$46.00, close to the 60D high.
Monitor RSI for signs of reversal and adjust targets accordingly.
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