Nov. 13 at 3:22 AM
$IAC: The last close at
$33.81 indicates a neutral position within the recent trading range. The RSI of 51.16 suggests that the stock is neither overbought nor oversold, indicating potential for movement in either direction. The MA30 at
$33.25 is below the current price, providing a support level, while the MA50 at
$34.33 acts as resistance. The 60D high of
$38.09 and low of
$29.56 further define the trading range, suggesting potential volatility.
Directional bias leans slightly bullish given the proximity of the last close to the MA30 and the neutral RSI. Suggested entry is at
$34.00, just above the MA30 for confirmation. Set a stop loss at
$32.50 to limit downside risk. Target 1 is
$36.00, aligning with a resistance level, and Target 2 is
$37.50, approaching the 60D high.
Monitor for changes in RSI and price action relative to moving averages for adjustments.
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