Dec. 19 at 4:17 PM
Actionable Trade Alert for
$ALB:
Market Context:
$ALB closed at
$140.48, showing strength near its 60-day high of
$140.78. The RSI of 63.37 indicates bullish momentum but is approaching overbought territory. The stock is above its 30-day MA of 121.83 and 50-day MA of 111.31, suggesting a strong upward trend.
Directional Bias: Given the current price near the 60-day high and positive MA alignment, we maintain a bullish outlook. However, the RSI indicates caution as it nears overbought levels.
Trade Plan:
- Suggested Entry:
$140.50
- Stop Loss:
$135.00 (approximately 4% below entry)
- Take Profit Targets:
1.
$145.00 (3.5% gain)
2.
$150.00 (6.7% gain)
3.
$164.00 (16.7% gain)
The third target provides a potential ROI of over 17%, aligning with our goal. Monitor price action closely, especially around the 60-day high.
For more insights, visit https://privateprofiteers.com.
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