Nov. 13 at 12:55 AM
$PM: The current market context shows the last close at
$156.77, with an RSI of 49.84 indicating neutral momentum. The stock is trading above the 30-day moving average (MA30) of
$154.03 but below the 50-day moving average (MA50) of
$157.84, suggesting a potential resistance level. The 60-day high of
$175.23 and low of
$142.11 establishes a range that could guide price movements.
Directional bias leans slightly bullish due to the proximity to the MA30 and the neutral RSI, indicating potential for upward movement. Suggested entry at
$157.00, just above the MA50. Set a stop loss at
$154.00 to manage risk. Target 1 at
$165.00, near the midpoint of the 60-day range, and Target 2 at
$170.00, approaching the recent high.
Monitor price action closely, as a breakout above
$157.84 could signal further bullish momentum.
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