Nov. 13 at 1:54 AM
$ZBRA is currently trading at
$255.17, below both the 30-day moving average (MA30) of
$285.83 and the 50-day moving average (MA50) of
$295.96, indicating a bearish trend. The RSI at 28.13 suggests that the stock is oversold, which may indicate a potential reversal or bounce. The recent 60-day high of
$325.24 and low of
$252.14 shows a tight range, with current price near the low, suggesting limited downside risk.
For a trade plan, consider entering a long position at
$256.00, just above the last close, to capture a potential bounce. Set a stop loss at
$250.00 to manage risk. Target 1 can be set at
$270.00, aligning with a potential resistance level, and Target 2 at
$285.00, near the MA30, for a conservative exit strategy.
Monitor the RSI for signs of recovery and watch for price action around the targets.
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