Dec. 19 at 3:25 PM
Actionable Trade Alert for
$AMT:
Market Context:
$AMT is currently trading at
$174.29, showing potential for a rebound given its proximity to the 60D low of
$174.19. The RSI at 36.69 indicates that the stock is nearing oversold territory, which could signal a buying opportunity.
Directional Bias: The stock is below both the 30-day MA (179.8) and the 50-day MA (182.39), suggesting bearish momentum. However, the low RSI indicates potential for upward correction.
Trade Plan:
- Suggested Entry:
$174.50 (slightly above last close to confirm bullish reversal)
- Stop Loss:
$171.00 (below recent low to manage risk)
- Take Profit Targets:
1.
$180.00 (3% gain)
2.
$185.00 (6% gain)
3.
$204.00 (17% gain)
Rationale: The targets are set based on resistance levels and the potential for recovery towards the 60D high of
$197.41. With a stop loss in place, this trade offers a favorable risk-reward ratio.
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