Dec. 15 at 7:53 AM
Actionable Trade Alert for
$AZZ:
Market Context:
$AZZ is currently trading at
$107.17, showing strong momentum with an RSI of 61.35, indicating bullish sentiment but not overbought. The stock is above its 30-day MA (102.88) and 50-day MA (102.12), confirming a positive trend.
Directional Bias: Given the recent high of
$116.87 (60D High) and the current price, there is potential for upward movement. The RSI suggests room for growth before reaching overbought levels, and the stock is well above its recent low of
$92.98, indicating a solid upward trend.
Trade Plan:
- Suggested Entry:
$107.50
- Stop Loss:
$104.00 (approx. 3.5% risk)
- Take Profit Targets:
1.
$112.00 (Target 1, approx. 4.6% ROI)
2.
$115.00 (Target 2, approx. 7.5% ROI)
3.
$125.00 (Target 3, approx. 16.6% ROI)
This plan provides a risk-reward ratio that aligns with a target of at least 17% ROI on the final take profit.
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