Nov. 14 at 4:34 AM
$MMSI: The last close at
$87.4 indicates a strong position within the recent trading range. The RSI at 64.78 suggests that the stock is nearing overbought territory, which may limit upside potential in the short term. The MA30 at
$84.14 and MA50 at
$84.42 provide solid support levels, indicating bullish momentum. The proximity to the 60D high of
$93.27 suggests potential resistance ahead, while the 60D low of
$78.12 indicates a well-defined range.
Directional bias is cautiously bullish, given the strong support from moving averages and the recent price action. Suggested entry is at
$88.00, slightly above the last close to capture momentum. Set a stop loss at
$85.50 to manage risk. Target 1 is
$91.00, approaching the 60D high, while Target 2 is
$93.00, just below the 60D high for a conservative exit.
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