Nov. 15 at 1:41 AM
$FRPT is currently trading at
$53.44, positioned between its 60D high of
$63.07 and low of
$46.76. The RSI at 48.48 indicates a neutral momentum, suggesting no immediate overbought or oversold conditions. The stock is above its 30-day moving average (MA30) of
$53.31 and 50-day moving average (MA50) of
$53.12, which provides a slight bullish bias, indicating potential upward momentum.
Suggested entry point is at
$54.00, above the current close, to confirm upward movement. Set a stop loss at
$51.50 to manage risk, just below recent support levels.
Target 1 is set at
$58.00, aligning with a potential resistance level, while Target 2 is at
$60.00, approaching the 60D high. This trade plan leverages the current market context and technical indicators to capitalize on potential upward movement.
For further insights, visit https://privateprofiteers.com.
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