Nov. 14 at 3:03 AM
$REGN is currently trading at
$694.99, with an RSI of 82.91, indicating that the stock is in overbought territory. The 30-day moving average (MA30) is at 611.3, while the 50-day moving average (MA50) is at 596.36, suggesting a strong upward trend in the short to medium term. However, the high of
$713.58 over the past 60 days indicates potential resistance, while the low of
$541.0 provides a clear support level.
Given the overbought RSI and proximity to the 60D high, a cautious approach is warranted. Suggested entry is around
$690, with a stop loss at
$670 to manage downside risk. Target 1 is set at
$710, aligning with the recent high, while Target 2 is
$725, allowing for potential breakout gains.
Overall, the bias is cautiously bearish due to the overbought condition, but bullish targets remain viable. Monitor price action closely for confirmation.
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