Nov. 14 at 3:41 AM
$NLY is currently trading at
$21.78, above its 30-day moving average (MA30) of
$21.11 and 50-day moving average (MA50) of
$21.24, indicating a bullish trend. The RSI of 64.56 suggests that the stock is approaching overbought territory, which may limit immediate upside potential but does not indicate an imminent reversal. The recent 60-day high of
$22.45 provides a resistance level, while the low of
$20.00 offers a solid support base.
For a trade plan, consider entering a long position at
$21.80, just above the last close to confirm upward momentum. Set a stop loss at
$21.50 to manage risk. Target levels can be set at
$22.20, just below the 60-day high, and a more aggressive target at
$22.45, the recent high. This strategy allows for potential gains while maintaining a controlled risk profile.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
