Nov. 14 at 5:12 AM
$GRBK: The last close at
$63.7 indicates a position within the recent trading range, with a 60D high of
$77.93 and a low of
$61.84. The RSI at 34.65 suggests that the stock is currently oversold, indicating potential for a bullish reversal. However, the moving averages (MA30 at 66.31 and MA50 at 68.93) are above the current price, signaling a bearish trend in the short to medium term.
Directional bias leans slightly bullish due to the oversold RSI, but caution is warranted given the proximity to the 60D low. Suggested entry is at
$64.00, with a stop loss at
$61.50 to limit downside risk. Target 1 is set at
$66.50, aligning with the MA30, and Target 2 is at
$68.00, near the MA50.
Monitor price action closely; if the stock fails to hold above
$63.7, reassess the bullish outlook.
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