Nov. 13 at 12:56 AM
$RTX: The last close at
$178.92 indicates a position above the 30-day moving average (MA30) of
$170.46 and the 50-day moving average (MA50) of
$165.81, suggesting bullish momentum. The RSI of 52.69 is neutral, showing no immediate overbought or oversold conditions, allowing for potential upward movement. The 60-day high of
$181.31 provides a resistance level, while the low of
$150.61 establishes a strong support base.
Directional bias is bullish given the price is above both MAs and within a reasonable range of the recent high.
Suggested trade plan:
- Entry:
$179.50 (slightly above last close to confirm upward momentum)
- Stop:
$176.50 (below recent support and ATR)
- Target 1:
$181.00 (near 60D high)
- Target 2:
$183.00 (psychological resistance)
Monitor price action closely for any shifts in momentum.
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