Nov. 20 at 9:23 AM
$LGND is currently trading at
$200.86, showing a bullish market context given the RSI of 60.11, which indicates momentum without being overbought. The price is above both the 30-day moving average (MA30) at
$189.91 and the 50-day moving average (MA50) at
$181.96, suggesting a strong upward trend. The recent high of
$212.49 and low of
$156.91 over the past 60 days further supports a bullish bias, as the price is closer to the high.
Suggested entry point is around
$202, slightly above the last close to confirm upward momentum. Set a stop loss at
$192, below the MA30, to manage risk. For targets, consider
$210 as the first target, aligning with the recent high, and
$215 as a second target, providing a reasonable profit-taking point.
Overall, the combination of RSI, moving averages, and the high-low range indicates a favorable trading opportunity.
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