Nov. 14 at 5:08 AM
$YETI: The current market context shows a last close of
$37.92, indicating a strong position above the 30-day moving average (MA30) of
$34.71 and the 50-day moving average (MA50) of
$34.83. The RSI at 60.7 suggests the stock is approaching overbought territory but still has room for upward movement. The recent high of
$39.05 is within reach, providing a potential target.
Directional bias is bullish due to the stock trading above key moving averages and the RSI indicating strength. Suggested entry point is at
$38.00, slightly above the current close to confirm momentum. Set a stop loss at
$36.50 to manage risk. Target 1 is
$39.00, aligning with the 60D high, and Target 2 is
$40.00, allowing for further upside potential.
Overall, the indicators suggest a favorable environment for a bullish trade on
$YETI. For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
