Nov. 14 at 3:42 AM
$ITT: The last close at
$184.75 indicates a strong position above the 30-day moving average (MA30) of
$180.2 and the 50-day moving average (MA50) of
$179.23, suggesting bullish momentum. The RSI at 58.55 indicates that the stock is neither overbought nor oversold, allowing for potential upward movement. The 60-day high of
$197.07 provides a clear target, while the low of
$164.0 establishes a solid support level.
Directional bias is bullish due to the current price being above key moving averages and the RSI indicating strength.
Suggested entry is at
$185.50, with a stop loss set at
$178.00 to manage risk. Target 1 is
$195.00, approaching the 60D high, and Target 2 is
$197.00, which aligns with the recent peak.
This plan leverages current momentum while maintaining a disciplined risk management approach.
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