Nov. 14 at 3:42 AM
$NBIX: The last close at
$144.16 shows a stable position within the 60-day high of
$157.67 and low of
$132.41. The RSI at 50.18 indicates a neutral momentum, suggesting neither overbought nor oversold conditions. The price is above both the 30-day MA of
$142.69 and the 50-day MA of
$142.63, indicating a potential bullish trend.
Directional bias is cautiously optimistic due to the price being above key moving averages, which may support upward movement. Suggested entry is at
$145.00, slightly above the last close to confirm bullish sentiment. Set a stop loss at
$138.00, below the recent low to manage risk.
Targets are set at
$150.00 (near the 60D high) and
$155.00, allowing for potential profit-taking while monitoring market conditions.
Overall, the trade plan reflects a balanced approach with defined risk and reward parameters.
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