Dec. 6 at 1:39 AM
Actionable Trade Alert for
$BDX:
Market Context: The last close for
$BDX is
$193.76, sitting near the 60D high of
$196.36. The RSI of 51.49 indicates a neutral stance, suggesting potential for upward movement without being overbought. The MA30 and MA50 are both below the current price, indicating short-term bullish momentum.
Directional Bias: Given the proximity to the 60D high and the neutral RSI, we maintain a bullish bias. The price is above both the MA30 and MA50, which supports this outlook.
Trade Plan:
- Suggested Entry:
$194.50
- Stop Loss:
$190.00 (3.5% below entry)
- Take Profit Targets:
1.
$198.00 (1.9% gain)
2.
$201.00 (3.3% gain)
3.
$227.00 (16.7% gain)
With the potential to exceed a 17% ROI at the third target, this trade offers a favorable risk-reward ratio.
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