Nov. 13 at 2:58 AM
$TCBI is currently trading at
$87.38, showing a strong upward momentum with an RSI of 65.63, indicating it is nearing overbought territory. The stock is above its 30-day moving average (MA30) of 83.96 and 50-day moving average (MA50) of 84.88, suggesting a bullish trend. The recent 60-day high of
$88.3 is just above the current price, providing a potential resistance level, while the 60-day low of
$75.41 indicates solid support.
Directional bias leans bullish due to the strong performance relative to moving averages and the recent price action. Suggested entry point is at
$87.50 to capture upward momentum. Place a stop loss at
$85.00 to manage risk. Target 1 is set at
$88.30 (60D high), and Target 2 at
$90.00 for extended gains.
Monitor for any reversal signals as the stock approaches resistance levels.
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