Nov. 14 at 4:39 AM
$RDN is currently trading at
$35.26, showing a relatively strong RSI of 62.14, indicating bullish momentum but approaching overbought territory. The price is above both the 30-day moving average (MA30) at
$34.12 and the 50-day moving average (MA50) at
$34.78, suggesting a positive trend. The recent 60-day high of
$38.84 provides a potential resistance level, while the low of
$32.41 indicates a solid support base.
Given the current metrics, the directional bias is bullish. A suggested entry point could be around
$35.50, slightly above the last close to confirm upward momentum. A stop-loss can be set at
$34.50 to limit potential losses. For targets, consider
$37.00 as an initial target, with a secondary target at
$38.00, near the recent high.
Monitor the price action closely, especially around the resistance levels.
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