Nov. 14 at 3:44 AM
$RPM is currently trading at
$108.14, which is below both the 30-day moving average (MA30) of
$110.73 and the 50-day moving average (MA50) of
$115.25. The RSI of 34.84 indicates that the stock is nearing oversold territory, suggesting potential for a rebound. The recent 60-day high of
$129.12 and low of
$105.64 establishes a range that could guide price movement.
Given the current metrics, the directional bias leans towards a potential short-term recovery. A suggested entry point could be around
$106.50, just above the 60-day low, to capitalize on a bounce. A stop-loss should be placed at
$105.00 to limit downside risk.
For targets, consider
$111.00, aligning with the MA30, and
$115.00, approaching the MA50. This plan allows for a favorable risk-reward ratio while acknowledging the current market context.
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