Nov. 14 at 4:04 AM
$OGE: The last close at
$44.97 indicates a position near the lower end of the 60-day range (high of
$47.33 and low of
$43.23). The RSI at 36.54 suggests that the stock is approaching oversold territory, indicating potential for a reversal or upward movement. Both the 30-day MA (45.54) and the 50-day MA (45.18) are above the current price, suggesting bearish pressure in the short term.
Directional bias leans towards a potential rebound given the RSI and proximity to the 60-day low. Suggested entry is at
$44.50, just below the last close, to capture upward momentum. Set a stop loss at
$43.00 to limit downside risk. Target 1 is
$46.00, aligning with the 30-day MA, and Target 2 is
$46.50, just below the 60-day high, allowing for a reasonable profit-taking opportunity.
Monitor market conditions closely for any changes.
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