Dec. 25 at 2:23 PM
$ALB is currently trading at
$148.51, showing strong upward momentum with an RSI of 89.25, indicating overbought conditions. The recent 60-day high is
$150.72, suggesting resistance near this level. The MA30 at
$128.18 and MA50 at
$115.46 indicate a bullish trend, as the price is well above these moving averages.
Actionable Trade Alert:
- Suggested Entry:
$148.51
- Stop Loss:
$142.64 (approximately 4% below entry)
- Take Profit Targets:
1.
$154.00 (3.7% ROI)
2.
$158.00 (6.4% ROI)
3.
$173.00 (16.5% ROI)
Market context shows that while the stock is overbought, it is also in a strong bullish trend. Monitor for potential pullbacks to enter at or near the suggested entry. The targets are set to capitalize on the upward momentum while maintaining a favorable risk-reward ratio.
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