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Fisker Inc. (NYSE: FSR) is trading higher Tuesday after BofA Securities initiated coverage on the stock with a Buy rating $31 price target. Below is a technial analysis of Fisker s stock chart.
Fisker Daily Chart Analysis:
The stock is trading below both the 50-day moving average (green) as well as the 200-day moving average (blue). This indicates the stock had bearish sentiment prior to Tuesday s move.
The moving averages are areas on the chart that may show shorter-term resistance until the price is able to cross above again.
Key Fisker Levels To Watch: The stock has shown two key levels in the past: $11.75 and $14.25 are both areas on the chart where the stock previously found buyers and held above.
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