Nov. 14 at 4:25 AM
$HRB: The last close at
$44.85 is near the 60D low of
$44.73, indicating a potential support level. The RSI of 18.92 suggests the stock is significantly oversold, which may signal a reversal opportunity. However, both the 30-day MA (50.47) and the 50-day MA (50.53) are well above the current price, indicating a bearish trend in the medium term.
Directional bias is cautiously bullish due to the oversold RSI, but caution is warranted given the proximity to the 60D low and the declining moving averages.
Suggested entry:
$45.00, just above the last close to confirm buying interest.
Stop loss:
$44.50, below the 60D low to limit potential losses.
Targets: First target at
$47.00, near the 30-day MA, and second target at
$49.00, approaching the 60D high of
$52.9.
Monitor closely for any signs of reversal or continuation of the downtrend.
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