Dec. 17 at 2:18 AM
Actionable Trade Alert for
$AZO:
Market Context:
$AZO is currently trading at
$3424.0, significantly below its 60-day high of
$4332.68, indicating potential undervaluation. The RSI at 24.27 suggests the stock is oversold, signaling a possible reversal.
Directional Bias: Given the low RSI and the proximity to the 60-day low of
$3388.57, there is a bullish bias. The stock is also below both the 30-day MA of 3751.42 and the 50-day MA of 3828.53, indicating a potential recovery phase.
Trade Plan:
- Suggested Entry:
$3424.0
- Stop Loss:
$3350.0 (approximately 2.1% below entry)
- Take Profit Targets:
1.
$3600.0 (5.1% gain)
2.
$3750.0 (9.5% gain)
3.
$4000.0 (16.8% gain)
With a potential ROI of over 17% on the third target, this trade offers a favorable risk-reward ratio. Monitor closely for any changes in market conditions.
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