CRI Should I Buy

BUY now for a beginner, long-term investor with $50k–$100k. CRI is pulling back sharply (-5.16% today) into a key support zone (~$33), while the longer-term moving-average structure remains bullish (SMA_5 > SMA_20 > SMA_200). Sentiment is improving on a major upgrade (Citi to Buy, PT $50) tied to a CEO-led turnaround narrative. Options positioning leans modestly bullish (put/call < 1) and trading activity is elevated, suggesting active dip-buying interest. This is a turnaround-style long-term buy at a depressed level rather than a “perfect entry” setup, but it fits an impatient buyer better than waiting.

Price/Trend: Despite today’s sharp drop to $33.08, the broader trend bias is still constructive given bullish moving averages (SMA_5 > SMA_20 > SMA_200), implying the longer-term trend is up while the short-term is correcting. Momentum: MACD histogram is negative (-0.343) and expanding lower, signaling bearish near-term momentum (selloff still has force). RSI: RSI_6 at ~28.45 is oversold/washed-out, which often aligns with at least a short-term stabilization attempt. Levels: Current price ($33.08) is just below S1 ($33.469) and above S2 ($31.89). A hold above ~31.9 would keep this as a “pullback within an uptrend” setup; reclaiming the pivot (~$36.03) would be a technical improvement.