Nov. 13 at 2:58 AM
$IRT
Market Context: The last close at
$16.56 shows the stock is currently positioned between its 60D high of
$18.18 and low of
$15.07, indicating potential volatility. The ATR of 0.39 suggests moderate price movement.
Directional Bias: With an RSI of 53.39,
$IRT is neither overbought nor oversold, indicating a neutral stance. The price is at the 30-day moving average (MA30) of
$16.15, suggesting support. The 50-day moving average (MA50) is equal to the last close, reinforcing this level as a potential pivot point.
Suggested Entry: Consider entering a long position at
$16.60, slightly above the last close to confirm upward momentum.
Stop: Place a stop-loss at
$16.15, just below the MA30 support.
Targets: Aim for a first target at
$17.50, near the midpoint of the 60D range, and a second target at
$18.00, approaching the 60D high.
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