Nov. 15 at 1:45 AM
$REVG is currently trading at
$52.76, significantly below its 30-day moving average (MA30) of
$55.71 and 50-day moving average (MA50) of
$57.14, indicating a bearish trend. The RSI at 24.62 suggests that the stock is oversold, which could lead to a potential reversal, but caution is warranted given the overall downward momentum. The 60-day high of
$64.47 and low of
$50.00 establishes a range that
$REVG is currently testing near the low end.
Suggested trade plan: Consider entering a long position around
$51.50, just above the 60-day low, to capitalize on a potential bounce. Set a stop loss at
$49.50 to manage risk. Target 1 can be set at
$55.00, aligning with the MA30, and Target 2 at
$57.00, near the MA50. Monitor RSI for signs of recovery before executing.
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