ePlus Inc (PLUS) has entered oversold territory with an RSI of 26.5, indicating potential buying opportunities. The stock's recent price action shows a low of $63.995 and a high of $64.79, with the last trade at $64.08. The Fibonacci pivot point is at $64.22, with resistance levels at $66.03 and support at $62.42.
The stock's entry into oversold territory suggests the recent selling pressure may be exhausting, presenting a potential buying opportunity. Analysts have highlighted the stock's upside potential, with a target price of $89.50, indicating a 12.66% upside from recent prices.
Based on the oversold RSI and Fibonacci levels, the stock is expected to rebound. The target price for the next trading week is $66.03.
Recommendation: Buy PLUS with a target price of $66.03.
The price of PLUS is predicted to go up 23.72%, based on the high correlation periods with SCOR. The similarity of these two price pattern on the periods is 99.02%.
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