Nov. 14 at 4:36 AM
$LEU is currently trading at
$253.85, significantly below its 30-day moving average (MA30) of
$351.48 and 50-day moving average (MA50) of
$318.21, indicating a bearish trend. The RSI at 21.2 suggests the stock is oversold, which could lead to a potential reversal or bounce. However, the absence of a 200-day moving average limits long-term trend analysis.
Given the 60-day high of
$464.25 and low of
$173.82, the stock is positioned closer to the low end of this range, suggesting potential for upward movement.
Suggested trade plan:
- Entry:
$255.00 (slightly above last close to confirm momentum)
- Stop:
$240.00 (below recent support)
- Target 1:
$300.00 (near MA50)
- Target 2:
$350.00 (near MA30)
This plan leverages the oversold condition while acknowledging the current bearish trend. Monitor closely for any changes in momentum.
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