Nov. 13 at 1:22 AM
$XYL presents a bullish market context with the last close at
$149.87, above the 30-day moving average (MA30) of
$148.54 and significantly above the 50-day moving average (MA50) of
$145.79. The RSI of 62.8 indicates strong momentum, suggesting that the stock is not yet overbought. The 60-day high of
$154.27 offers a potential resistance level, while the low of
$136.33 provides a clear support range.
Suggested entry is at
$150.50, slightly above the last close to confirm upward momentum. A stop loss can be placed at
$147.50 to manage risk effectively. For targets, consider
$153.00, just below the 60D high, and
$155.00 for a more aggressive approach, allowing for potential breakout gains.
Overall, the trade plan is to capitalize on the bullish momentum while managing risk through strategic entry and stop placement.
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