Nov. 13 at 3:02 AM
$PII is currently trading at
$65.17, slightly below its 30-day moving average (MA30) of
$65.49, indicating a neutral to bearish short-term trend. The RSI at 47.2 suggests that the stock is neither overbought nor oversold, reflecting indecision in the market. The 50-day moving average (MA50) at
$62.47 provides a support level, while the recent 60-day high of
$75.25 and low of
$53.18 establish a range that could guide price movement.
For a trade plan, consider entering a long position at
$65.50, just above the MA30, to confirm upward momentum. Set a stop loss at
$62.00, below the MA50, to limit potential losses. Target 1 can be set at
$70.00, aligning with a psychological resistance level, while Target 2 can be at
$72.50, near the midpoint of the 60-day high-low range.
Overall, the trade leans bullish, supported by the proximity to key moving averages and the established price range.
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