Nov. 15 at 12:03 AM
$LNT is currently trading at
$67.33, near the 60D high of
$69.75 but above the 60D low of
$63.28, indicating a consolidation phase. The RSI at 37.52 suggests that the stock is nearing oversold conditions, which may indicate a potential reversal or bounce. The price is below both the 30-day moving average (MA30) of
$67.78 and the 50-day moving average (MA50) of
$66.71, indicating bearish momentum.
For a trade plan, consider a potential entry at
$66.50, which is below current price levels and near the MA50. Set a stop loss at
$65.50 to manage risk. Targets could be set at
$68.00, just above the MA30, and
$69.00, approaching the 60D high, to capitalize on a potential recovery.
Overall, the directional bias is cautiously bullish given the RSI and proximity to support levels.
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