Dec. 19 at 4:58 PM
Actionable Trade Alert for
$AMTM:
Market Context:
$AMTM closed at
$28.69, showing stability with an RSI of 50.6, indicating a neutral sentiment. The stock is currently above its 30-day moving average (MA30) of
$26.48 and significantly above the 50-day moving average (MA50) of
$24.95, suggesting a bullish trend.
Directional Bias: The stock is positioned between its 60-day high of
$31.87 and low of
$21.11, indicating potential for upward movement. The current price is closer to the high, which supports a bullish outlook.
Trade Plan:
- Suggested Entry:
$28.70
- Stop Loss:
$27.50 (approximately 4.2% below entry)
- Take Profit Targets:
1.
$30.00 (4.5% gain)
2.
$31.00 (4.6% gain)
3.
$33.50 (17.5% gain)
Rationale: The targets are set based on the high-low range and potential resistance levels. The risk-reward ratio is favorable, with the third target providing over 17% ROI.
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