Nov. 15 at 8:19 AM
$INSM is currently trading at
$193.22, showing strong momentum with an RSI of 73.79, indicating it is in overbought territory. The price is significantly above the 30-day moving average (MA30) of
$173.86 and the 50-day moving average (MA50) of
$162.35, suggesting bullish sentiment but also potential for a pullback. The recent 60-day high of
$197.45 presents a key resistance level, while the 60-day low of
$128.02 indicates a wide trading range.
Given the current conditions, a cautious approach is warranted. Consider entering a short position if the price approaches the 60D high of
$197.45, with a stop loss set at
$200 to manage risk. Target a move back towards the MA30 at
$173.86 for the first target and the MA50 at
$162.35 for the second target, allowing for a potential profit capture as the price may revert to these averages.
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