Nov. 13 at 1:30 AM
$SYF: The last close at
$74.63 indicates a position above the 30-day moving average (MA30) of
$72.55 and the 50-day moving average (MA50) of
$73.58, suggesting a bullish trend. The RSI at 58.28 indicates that the stock is neither overbought nor oversold, allowing for potential upward movement. The recent high of
$77.41 is within reach, while the low of
$68.00 provides a solid support level.
Directional bias: Bullish, due to the price being above key moving averages and a healthy RSI.
Suggested entry:
$74.75, slightly above the last close to confirm momentum.
Stop:
$73.50, below the MA50 for risk management.
Targets:
$76.00 (first target) and
$77.00 (second target), aligning with the recent high and maintaining a favorable risk-reward ratio.
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