Nov. 14 at 3:48 AM
$IEX: The last close at
$167.06 indicates a position near the 30-day moving average (MA30) of
$167.17, suggesting a consolidation phase. The RSI at 48.02 reflects a neutral momentum, indicating neither overbought nor oversold conditions. The price is above the 50-day MA of
$165.08, which provides a slight bullish bias.
Considering the 60-day high of
$181.27 and low of
$158.19, there is a potential range for price movement.
Suggested entry:
$167.50, slightly above the MA30 to confirm upward momentum.
Stop loss:
$165.00, below the 50-day MA for risk management.
Targets:
$175.00 (near the midpoint of the recent high-low range) and
$180.00 (approaching the 60D high).
This plan leverages current price action and moving averages to capitalize on potential upward movement.
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