Nov. 13 at 2:38 AM
$VNT is currently trading at
$37.31, significantly below its 30-day moving average (MA30) of
$40.31 and 50-day moving average (MA50) of
$41.28, indicating bearish momentum. The RSI at 22.53 suggests that the stock is oversold, which could signal a potential reversal; however, caution is warranted given the overall downward trend.
The recent high of
$43.88 and low of
$36.14 highlight a trading range, with the current price closer to the lower end. A potential entry point could be around
$36.50, just above the 60D low, to capitalize on a possible bounce. A stop-loss should be set at
$35.50 to manage risk.
Targets can be set at
$39.00 (near MA30) and
$41.00 (near MA50) to align with the resistance levels indicated by the moving averages. This plan allows for a risk-reward ratio that could be favorable if the stock begins to recover.
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