Nov. 22 at 2:31 AM
$USFD is currently trading at
$71.1, below both the 30-day moving average (MA30) of
$73.62 and the 50-day moving average (MA50) of
$74.89, indicating a bearish trend. The Relative Strength Index (RSI) at 39.15 suggests that the stock is nearing oversold territory, which could signal a potential reversal or stabilization. The recent high of
$80.32 and low of
$69.88 over the past 60 days establishes a range that can guide trading decisions.
For a trade plan, consider entering a long position if the price approaches the 60D low at
$69.88, with an entry point around
$70.00. Set a stop loss at
$68.50 to manage risk. Target first at
$73.00, aligning with the MA30, and a secondary target at
$75.00, near the MA50. This plan capitalizes on potential price recovery while managing downside risk effectively.
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