Nov. 13 at 2:58 AM
$KBH: The last close at
$61.54 indicates a position near the middle of the 60-day high-low range of
$68.71 and
$57.17. The RSI at 41.11 suggests the stock is approaching oversold conditions, indicating potential for upward movement. However, the MA30 at
$61.85 and MA50 at
$63.01 indicate that the stock is trading below these moving averages, which may act as resistance.
Directional bias leans slightly bullish due to the RSI indicating potential recovery, but caution is warranted given the proximity to moving averages.
Suggested entry:
$61.70, just above the MA30. Stop loss:
$60.00, below recent support levels.
Targets: First target at
$63.00 (near MA50), and second target at
$65.00, which is a psychological level and near the midpoint of the recent high-low range.
Monitor for changes in momentum as the stock approaches resistance levels.
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