Dec. 25 at 1:20 PM
Actionable Trade Alert for
$ABBV:
Market Context:
$ABBV is currently trading at
$229.89, showing a neutral RSI of 52.19, indicating no immediate overbought or oversold conditions. The stock is above its 30-day MA of
$228.19 and 50-day MA of
$226.61, suggesting a bullish trend.
Directional Bias: Given the recent price action and the position above key moving averages, there is potential for an upward movement towards the 60D high of
$244.81. The ATR of 4.15 indicates moderate volatility, allowing for potential price swings.
Trade Plan:
- Suggested Entry:
$230.50 (slightly above current close)
- Stop Loss:
$225.00 (below 30-day MA)
- Take Profit Targets:
1.
$236.00 (2.4% gain)
2.
$242.00 (4.9% gain)
3.
$269.00 (17% gain)
This plan positions for a bullish move while managing risk effectively.
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