Dec. 8 at 11:39 PM
Actionable Trade Alert for
$ADC:
Market Context:
$ADC closed at
$73.28, currently trading within a range defined by the 60-day high of
$76.79 and low of
$69.76. The RSI at 45.26 indicates a neutral position, suggesting potential for upward movement as it approaches oversold conditions.
Directional Bias: The stock is near its 30-day moving average (MA30) of
$73.78, indicating resistance, but above the 50-day moving average (MA50) of
$73.34, suggesting a bullish trend. The ATR of 0.9 indicates moderate volatility, allowing for potential price movement.
Trade Plan:
- Suggested Entry:
$73.30
- Stop Loss:
$71.50 (2.4% risk)
- Take Profit Targets:
1. Target 1:
$75.00 (2.3% gain)
2. Target 2:
$76.00 (3.7% gain)
3. Target 3:
$78.00 (6.5% gain, 17% ROI)
Monitor price action closely; adjust stop loss to secure profits as targets are hit.
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