Nov. 13 at 2:53 AM
$MDU is currently trading at
$21.33, close to its 60D high of
$21.38, indicating a strong upward trend. The RSI of 77.03 suggests that the stock is overbought, which could lead to a potential pullback. The MA30 at
$19.29 and MA50 at
$18.21 further confirm the bullish sentiment, as the current price is significantly above these moving averages.
Given the overbought condition, a cautious approach is warranted. Suggested entry could be around
$20.80, allowing for a slight pullback. A stop-loss can be set at
$20.00 to manage risk. For profit targets, consider
$21.70 as the first target, just below the 60D high, and
$22.00 as a second target, allowing for a potential breakout.
Overall, the directional bias is bullish, but caution is advised due to the high RSI.
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