Nov. 14 at 5:11 AM
$LRN is currently trading at
$64.98, significantly below its 30-day moving average (MA30) of
$115.56 and 50-day moving average (MA50) of
$129.03, indicating a bearish trend. The RSI is at 9.33, suggesting that the stock is heavily oversold, which may lead to a potential reversal. The 60-day high of
$171.17 and low of
$63.86 shows a wide range, indicating volatility.
Directional bias leans bearish due to the significant distance from the MAs, but the extreme RSI suggests a possible short-term bounce.
Suggested trade plan:
- Entry:
$65.50 (slightly above the last close to confirm upward movement)
- Stop:
$63.50 (just below the recent low to limit risk)
- Target 1:
$75.00 (first resistance level)
- Target 2:
$85.00 (next resistance level)
Monitor for confirmation of upward momentum before entering.
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