Nov. 14 at 3:16 AM
$VTR is currently exhibiting strong bullish momentum, closing at
$77.24, which is near its 60-day high of
$77.53. The RSI at 79.05 indicates that the stock is overbought, suggesting a potential pullback or consolidation may occur soon. The 30-day moving average (MA30) at 71.64 and the 50-day moving average (MA50) at 70.45 provide solid support levels, indicating a strong uptrend.
For a trade plan, consider entering on a slight pullback to around
$76.50, with a stop loss set at
$75.00 to manage risk. Target 1 can be set at
$78.50, just above the 60-day high, while Target 2 can be set at
$80.00, allowing for further upside potential if momentum continues.
Overall, while the bullish trend remains intact, caution is advised due to the high RSI reading. Monitor for signs of reversal or consolidation before entering.
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