Nov. 13 at 2:18 AM
$NNN: The current market context shows a last close of
$41.41, which is below both the 30-day moving average (MA30) of
$41.72 and the 50-day moving average (MA50) of
$42.04, indicating bearish sentiment. The RSI at 42.66 suggests the stock is nearing oversold territory but is not yet there, reflecting potential for a reversal. The 60-day high of
$43.39 and low of
$39.46 establish a range that the stock has recently traded within.
Directional bias is slightly bearish due to the position relative to MAs and the RSI. Suggested entry is at
$41.20, just below the last close, to capture a potential bounce. Set a stop-loss at
$40.50 to limit downside risk. Target 1 is
$42.00, aligning with the MA30, and Target 2 is
$42.50, just below the 60-day high.
Monitor for any changes in the RSI or price action that could indicate a shift in momentum.
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