Dec. 10 at 2:51 AM
Actionable Trade Alert for
$BDX:
Market Context:
$BDX is currently trading at
$188.83, with an RSI of 43.28 indicating a neutral to slightly bearish sentiment. The stock is positioned near its 30-day moving average (MA30) of
$187.79 and slightly below its 50-day moving average (MA50) of
$188.3, suggesting potential resistance ahead.
Directional Bias: The stock is within a range between its 60-day high of
$196.36 and low of
$162.29. Given the current RSI and proximity to moving averages, a bullish reversal could be anticipated if it breaks above the MA50.
Trade Plan:
- Suggested Entry:
$189.50 (above MA30 and MA50)
- Stop Loss:
$185.00 (below recent support)
- Take Profit Targets:
1.
$194.00 (2.6% gain)
2.
$198.00 (4.4% gain)
3.
$221.00 (17% gain)
This plan offers a favorable risk-reward ratio, with the potential for a significant return on the third target. Monitor closely for market movements.
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