Nov. 14 at 4:58 AM
$LNTH is currently trading at
$53.12, below the 30-day moving average (MA30) of
$55.09 and the 50-day moving average (MA50) of
$53.94, indicating bearish sentiment. The RSI of 42.96 suggests the stock is approaching oversold territory, providing potential for a rebound. The recent 60-day high of
$62.00 and low of
$49.67 establishes a trading range that can guide our strategy.
Directional bias leans bearish due to the price being below key moving averages, but the RSI indicates a potential reversal could occur soon.
Suggested entry point is
$52.50, slightly below the current price to capture a bounce. Set a stop-loss at
$49.50 to mitigate risk. Target 1 is
$55.00, aligning with the MA30, and Target 2 is
$58.00, near the midpoint of the recent high-low range.
Monitor the stock closely for any changes in momentum.
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