Nov. 15 at 12:52 AM
$KEX: The stock closed at
$108.64, reflecting strong momentum but an overbought condition with an RSI of 85.5. This suggests potential for a pullback. The MA30 at
$93.97 and MA50 at
$90.41 indicate a bullish trend, but the high RSI signals caution. The recent 60D high of
$112.24 presents a resistance level, while the 60D low of
$79.52 offers support.
Directional bias leans bearish in the short term due to the overbought RSI, despite the bullish MAs. Suggested entry is at
$107.50, just below the current close to confirm a reversal. Set a stop-loss at
$106.00 to manage risk. Target 1 is
$103.00, aligning with potential support from the MAs, and Target 2 is
$100.00, providing a more conservative exit point.
Monitor market conditions closely, as volatility (ATR of 4.1) may affect price movement.
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