Nov. 13 at 1:56 AM
$LECO: The current market context shows a last close at
$230.39, with an RSI of 36.82, indicating that the stock is nearing oversold territory. The 30-day moving average (MA30) is at
$234.98 and the 50-day moving average (MA50) is at
$236.39, suggesting a bearish trend as the price is below both MAs. The 60-day high is
$249.19, while the low is
$220.03, indicating a potential range for price movement.
Directional bias is bearish due to the RSI indicating weakness and the price trading below key moving averages.
Suggested entry point:
$231.00 (slightly above the last close).
Stop loss:
$228.00 (below the recent low).
Target 1:
$235.00 (near the MA30).
Target 2:
$240.00 (mid-range of the 60D high-low).
Monitor for any changes in momentum or market conditions.
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