Dec. 8 at 11:16 PM
Actionable Trade Alert for
$AVY:
Market Context:
$AVY closed at
$174.89, showing a strong position above its 30-day moving average (MA30) of
$173.46 and 50-day moving average (MA50) of
$169.74. The RSI of 56.85 indicates bullish momentum, suggesting potential for upward movement.
Directional Bias: The stock is currently trading near the upper range of its 60-day high of
$189.24 and low of
$156.23, indicating a bullish sentiment. The proximity to the MA30 and the positive RSI supports a long position.
Trade Plan:
- Suggested Entry:
$175.50
- Stop Loss:
$171.00 (risking approximately 2.85%)
- Take Profit Targets:
1.
$180.00 (Target 1: 2.85% ROI)
2.
$185.00 (Target 2: 5.80% ROI)
3.
$205.00 (Target 3: 17% ROI)
This trade plan aims for a solid risk-reward ratio, capitalizing on the current bullish trend. Monitor the stock closely for any changes in momentum.
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