Nov. 13 at 1:55 AM
$HII is currently trading at
$324.21, with an RSI of 75.26, indicating overbought conditions. The 30-day moving average (MA30) is at
$296.63, and the 50-day moving average (MA50) is at
$287.7, both suggesting a strong upward trend. However, the high of
$330.0 within the last 60 days indicates a potential resistance level, while the low of
$262.66 provides a support baseline.
Given the overbought RSI, a pullback is likely. Suggested entry is around
$320.00, just below the recent high. Set a stop loss at
$315.00 to manage risk. For targets, aim for
$330.00 as the first target, and consider
$340.00 as a secondary target if momentum continues.
In summary, the trade plan is to enter at
$320.00, stop at
$315.00, with targets at
$330.00 and
$340.00. Monitor for potential reversal signals due to the high RSI.
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