Nov. 14 at 4:19 AM
$PNFP:
Market Context: The stock closed at
$87.87, slightly above its 30-day moving average (MA30) of
$87.90, indicating a potential for upward movement. The Relative Strength Index (RSI) at 48.16 suggests the stock is neither overbought nor oversold, allowing for further price action without immediate reversal signals.
Directional Bias: The price is near the lower end of the 60-day range (high of
$100.54 and low of
$83.48), which may provide a support level. The MA50 at
$91.09 is above the current price, suggesting resistance but also room for recovery if momentum builds.
Suggested Entry: Consider entering at
$88.50, slightly above the current close to confirm upward momentum.
Stop: Set a stop loss at
$86.00 to limit potential losses.
Targets: First target at
$92.00 (near MA50), and a second target at
$95.00, aligning with previous resistance levels.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
