Nov. 14 at 3:19 AM
$HPE: The last close at
$22.93 indicates the stock is currently trading below both the 30-day moving average (MA30) of
$24.01 and the 50-day moving average (MA50) of
$24.20, suggesting a bearish trend in the short term. The RSI of 44.31 indicates that the stock is neither overbought nor oversold, but it is leaning towards the lower end of the range, which may signal a potential for upward movement if buying interest increases.
Given the 60-day high of
$26.44 and low of
$21.42, the current price is closer to the lower end of this range, providing a potential support level.
Suggested entry:
$23.00 (above the last close).
Stop:
$21.40 (below the 60D low).
Targets:
$24.00 (near MA30) and
$25.00 (psychological resistance).
Monitor for a shift in momentum as the stock approaches these levels.
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