Nov. 14 at 5:13 AM
$LXP is currently trading at
$45.75, below its 30-day moving average (MA30) of
$46.98 and 50-day moving average (MA50) of
$46.55, indicating a bearish trend. The RSI of 38.66 suggests that the stock is nearing oversold territory, which could signal a potential reversal or consolidation. The recent 60-day high of
$52.52 and low of
$42.65 show a significant range, providing context for potential price movement.
Given the current metrics, a suggested entry point could be around
$44.50, just above the recent low, to capture a potential rebound. A stop loss should be placed at
$42.50 to limit downside risk. For targets, consider
$47.50 (near MA30) and
$49.00 (psychological resistance) as realistic profit points.
Overall, the trade plan is to watch for a reversal near the lower end of the range, with a cautious approach due to the bearish indicators.
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