Dec. 15 at 6:57 AM
Actionable Trade Alert for
$AVTR:
Market Context:
$AVTR is currently trading at
$11.17, showing a neutral RSI of 43.82, indicating no immediate overbought or oversold conditions. The stock is below its 30-day moving average of
$11.39 and significantly below its 60-day high of
$15.93, suggesting potential upward momentum if it breaks resistance levels.
Directional Bias: The stock has room to move higher, given it’s closer to the 60-day low of
$10.62 than the high. The 30-day MA is slightly above the current price, indicating a potential reversal if buying pressure increases.
Trade Plan:
- Suggested Entry:
$11.20 (slightly above the last close to confirm upward movement)
- Stop Loss:
$10.80 (to limit risk)
- Take Profit Targets:
- Target 1:
$12.00 (7.1% ROI)
- Target 2:
$13.00 (16.3% ROI)
- Target 3:
$13.10 (17.2% ROI)
With the current metrics, this trade plan offers a solid risk-reward profile. Monitor closely for market conditions.
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