Dec. 8 at 11:17 PM
Actionable Trade Alert for
$ATI:
Market Context:
$ATI is currently positioned at
$100.79, showing strength with an RSI of 56.89, indicating bullish momentum. The stock is trading above its 30-day moving average (MA30) of 98.45 and significantly above its 50-day moving average (MA50) of 92.27, suggesting a positive trend.
Directional Bias: The upward bias is supported by the recent high of
$103.64, indicating potential resistance, while the 60-day low of
$75.02 provides a solid support level. The ATR of 3.16 indicates moderate volatility, allowing for strategic entry and exit points.
Trade Plan:
- Suggested Entry:
$101.50
- Stop Loss:
$97.50 (3% below entry)
- Take Profit Targets:
1. Target 1:
$104.00 (2.5% gain)
2. Target 2:
$106.00 (4.5% gain)
3. Target 3:
$118.00 (16.9% gain)
This plan offers a potential ROI of over 17% at the third target. Monitor closely for market conditions.
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