Nov. 14 at 4:09 AM
$PRI is currently trading at
$253.99, below its 30-day moving average (MA30) of
$263.27 and 50-day moving average (MA50) of
$267.68, indicating a bearish trend. The RSI of 34.14 suggests that the stock is approaching oversold territory, which may indicate a potential reversal or bounce. However, the recent high of
$288.03 and low of
$246.41 suggest a range-bound environment, with current prices near the 60-day low.
For a trade plan, consider entering a long position at
$255.00, slightly above the last close to confirm upward momentum. Set a stop loss at
$246.00 to manage risk. Target 1 can be set at
$263.00, aligning with the MA30, and Target 2 at
$270.00, near the MA50. This plan leverages the potential for a rebound while acknowledging the overall bearish context.
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