Nov. 14 at 3:32 AM
$WST is currently trading at
$266.66, below both the 30-day moving average (MA30) of
$275.55 and the 50-day moving average (MA50) of
$268.47, indicating bearish momentum. The RSI at 27.24 suggests that the stock is oversold, which could signal a potential reversal or bounce in the near term. However, the price is still within a range defined by a 60-day high of
$322.34 and a low of
$241.5, suggesting significant volatility.
For a trade plan, consider entering a long position if the price breaks above
$270, which would indicate a potential upward movement. Set a stop loss at
$261 to manage risk. Target 1 could be set at
$280, aligning with the MA30, and Target 2 at
$290, taking into account a potential retracement towards the mid-range of the recent high-low. Monitor the ATR of 10.17 for volatility adjustments.
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