Dec. 15 at 7:18 AM
$HOMB is currently positioned at
$28.73, with an RSI of 61.05 indicating bullish momentum but approaching overbought territory. The 30-day moving average (MA30) at
$27.68 and the 50-day moving average (MA50) at
$27.55 suggest a strong upward trend, as the price is above both MAs. The stock has recently tested the 60-day high of
$29.77, which could act as a resistance level.
Actionable Trade Alert:
- Suggested Entry:
$28.75 (slightly above the last close to confirm upward movement)
- Stop Loss:
$27.80 (below the recent MAs to limit risk)
- Take Profit Targets:
1.
$29.25 (1.75% gain)
2.
$29.77 (3.63% gain, 60D high)
3.
$33.65 (17.2% gain)
The overall market context is bullish, supported by the price being above key moving averages and a favorable high-low range. Monitor for price action around the resistance level.
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