Nov. 15 at 11:04 PM
$SWK is currently trading at
$65.65, below both the 30-day moving average (MA30) of
$68.82 and the 50-day moving average (MA50) of
$71.77, indicating a bearish trend. The RSI is at 29.64, suggesting that the stock is oversold, which may lead to a potential reversal or a short-term bounce. However, the stock is still within the 60-day range of
$63.20 (low) to
$81.44 (high), indicating that there is room for upward movement if a reversal occurs.
Suggested entry point:
$66.00, slightly above the last close to confirm momentum. Set a stop loss at
$64.50 to limit potential losses.
Targets:
1. First target at
$69.00, near the MA30.
2. Second target at
$71.00, approaching the MA50.
Monitor the RSI for signs of recovery and be cautious of market volatility.
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