Dec. 19 at 4:21 PM
Actionable Trade Alert for
$AGNC:
Market Context:
$AGNC is currently trading at
$10.57, within a narrow range defined by a 60D high of
$10.67 and a low of
$9.66. The RSI at 54.35 indicates a neutral to slightly bullish momentum, suggesting potential for upward movement.
Directional Bias: The stock is above its 30-day moving average (MA30) of
$10.33 and 50-day moving average (MA50) of
$10.23, indicating bullish sentiment. The proximity to the 60D high reinforces the potential for a breakout.
Trade Plan:
- Suggested Entry:
$10.60 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$10.30 (below the MA30 to limit downside risk)
- Take Profit Targets:
1.
$10.80 (2% gain)
2.
$11.00 (4% gain)
3.
$12.40 (17% gain)
This trade plan offers a clear strategy with a favorable risk-reward ratio. Monitor the stock closely for any changes in momentum.
For more insights, visit https://privateprofiteers.com.
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