Nov. 15 at 12:58 AM
$HXL: The last close at
$68.94 indicates the stock is currently above the 30-day moving average (MA30) of
$67.31 and the 50-day moving average (MA50) of
$65.42. However, with an RSI of 33.28, the stock is in oversold territory, suggesting potential for a rebound. The price is also near the 60-day low of
$60.26, indicating a strong support level.
Directional bias leans bullish due to the proximity to support and oversold RSI, despite the recent downtrend. Suggested entry is around
$68.50, just above the last close to confirm momentum. Set a stop loss at
$66.50 to limit downside risk.
Targets can be set at
$72.00 (near the 60D high of
$74.35) for a first profit-taking opportunity, and a second target at
$74.00, allowing for potential continuation if momentum builds.
Overall, the trade plan capitalizes on the oversold condition and support levels.
https://privateprofiteers.com
