Dec. 25 at 2:34 PM
Actionable Trade Alert for
$BAX:
Market Context:
$BAX is currently trading at
$19.11, showing bullish momentum with an RSI of 60.13, indicating potential for further upward movement without being overbought. The stock is above its 30-day moving average (MA30) of
$18.64 but below the 50-day moving average (MA50) of
$19.5, suggesting a possible breakout.
Directional Bias: The price is near the upper end of the 60-day range (high of
$24.27 and low of
$17.4), indicating room for growth. The ATR of 0.46 suggests moderate volatility, making it suitable for trading.
Trade Plan:
- Suggested Entry:
$19.11
- Stop Loss:
$18.50 (3.2% below entry)
- Take Profit Targets:
- Target 1:
$20.50 (7.3% gain)
- Target 2:
$21.75 (8.6% gain)
- Target 3:
$22.40 (17.0% gain)
This plan offers a solid risk-reward ratio with potential for over 17% ROI on the third target.
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