Nov. 14 at 4:06 AM
$HSIC is currently trading at
$73.34, close to its 60-day high of
$73.63, indicating a strong bullish sentiment. The RSI at 77.62 suggests that the stock is in overbought territory, which may indicate a potential pullback. However, the price is above both the 30-day MA of 66.07 and the 50-day MA of 66.69, reinforcing a bullish trend in the short term.
Given the current market context, a cautious approach is warranted. Suggested entry could be around
$72.50, allowing for a potential dip. Set a stop loss at
$71.00 to manage risk. For targets, consider
$75.00 as the first target, aligning with the psychological resistance, and
$76.00 as a second target, slightly above the 60-day high.
Monitor the RSI for signs of reversal and adjust the plan accordingly.
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