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Last week we highlighted OUT trading 95% above it's 200-week SMA, which appeared extended. commentary is marked below and the original post is further down on this page.
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OUTsurance: Trading +95% Above It's 200-Week SMA (Technically Extended Range)
OUT is trading at 95% above it's 200-week SMA. This appears technically extended.
The share exceed our previous buy/long target (from 4780c to the recent high above 7000c (+46%) - reached in December 2024.
To view the original chart at 4780c, as published to clients of Unum Capital scroll down to the chart at the bottom of this page.
Tuesday 19 November 2024 (Time: Pre-Market)
Previous Post: 17 September 2024
Real-Time: 09h40
Previous Post
Real-Time: 09h41
Ticker: OUT
High Bullish Momentum Regime
Approaching Measured Move Target
Reduce Into Strength
Original view, as published to clients
Lester Davids
Analyst: Unum Capital
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