Nov. 14 at 5:09 AM
$USAC is currently trading at
$23.51, with an RSI of 53.86 indicating a neutral momentum. The price is above the 30-day moving average (MA30) of
$23.04, suggesting a bullish short-term trend, while it is slightly below the 50-day moving average (MA50) of
$23.32, indicating potential resistance. The recent 60-day high of
$24.68 presents an upside target, while the low of
$21.85 provides a support level.
Given the current market context, the directional bias leans slightly bullish due to the price being above the MA30 and the RSI being above 50.
Suggested trade plan:
- Entry:
$23.55 (above last close to confirm bullish momentum)
- Stop:
$23.00 (below recent support)
- Target 1:
$24.00 (psychological level)
- Target 2:
$24.50 (near 60D high)
Monitor for any changes in momentum or volatility.
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