Nov. 13 at 2:25 AM
$STWD is currently trading at
$18.07, below both the 30-day moving average (MA30) of
$18.59 and the 50-day moving average (MA50) of
$19.25, indicating a bearish trend. The RSI at 36.16 suggests that the stock is approaching oversold territory, which could signal a potential reversal or bounce. The 60-day high of
$20.84 and low of
$17.81 establishes a range that could provide support and resistance levels.
Given the current metrics, a suggested entry point could be around
$17.85, just above the 60D low, to capitalize on potential upward movement. A stop-loss can be placed at
$17.70 to limit downside risk. Target 1 could be set at
$18.50, aligning with the MA30, while Target 2 could be at
$19.00, near the MA50, allowing for profit-taking as the stock moves back towards its recent highs.
This plan leverages the current market context and technical indicators for a calculated approach. https://privateprofiteers.com
