Nov. 15 at 12:48 AM
$HR is currently trading at
$18.17, slightly above the 30-day moving average (MA30) of
$18.13 and the 50-day moving average (MA50) of
$18.09, indicating a neutral to slightly bullish market context. The RSI at 39.13 suggests that the stock is approaching oversold territory, which could signal a potential reversal or bounce.
Given the 60-day high of
$18.97 and low of
$16.89, there is a range of
$2.08, providing room for movement. A suggested entry point could be around
$18.00, slightly below the current price to capture a potential reversal.
Set a stop loss at
$17.80 to manage risk, and target
$18.50 as the first target, aligning with resistance levels, and
$18.75 as the second target, near the 60-day high. This plan leverages the current technical indicators and market context for a calculated trade.
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