Nov. 13 at 1:54 AM
$UNM is currently trading at
$76.34, close to its 30-day moving average (MA30) of
$76.38, indicating a neutral market context. The RSI at 50.47 suggests neither overbought nor oversold conditions, implying a potential for sideways movement. The 50-day moving average (MA50) at
$75.97 supports a bullish bias as the price is above this level, while the absence of a 200-day moving average limits long-term trend analysis.
Given the recent high of
$79.93 and low of
$68.38 over the past 60 days, the price is positioned in the upper range, providing a potential breakout opportunity.
Suggested entry:
$76.50, just above the MA30.
Stop loss:
$75.50, below the MA50 for risk management.
Target 1:
$79.00, approaching the 60D high.
Target 2:
$80.00, a psychological level.
This plan leverages current price action and technical indicators for a calculated entry.
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