Nov. 21 at 4:36 AM
$INSP is currently trading at
$83.27, showing a strong bullish sentiment with an RSI of 66.04, indicating it is nearing overbought territory but still has room for upward movement. The price is above both the 30-day MA (80.91) and the 50-day MA (79.7), suggesting a positive trend. The recent high of
$97.25 indicates potential resistance, while the low of
$70.77 provides a solid support level.
For a trade plan, consider entering at
$83.50, just above the current close to confirm momentum. Set a stop loss at
$79.50 to manage risk. Target the recent high of
$97.25 for the first target, which offers a favorable risk-reward ratio. A secondary target could be set at
$90, providing a more conservative exit.
Overall, the bullish trend supported by the RSI and MAs suggests a positive outlook for
$INSP.
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