Dec. 8 at 10:50 PM
Actionable Trade Alert for
$BE:
Market Context:
$BE is currently trading at
$110.43, positioned between its 60-day high of
$147.86 and low of
$61.37. The RSI at 51.82 indicates a neutral momentum, suggesting potential for upward movement.
Directional Bias: The stock is above the 50-day moving average (MA50) of
$108.3, indicating a bullish trend. However, it is below the 30-day moving average (MA30) of
$115.59, which may act as resistance. The ATR of 12.04 suggests moderate volatility.
Trade Plan:
- Suggested Entry:
$110.50
- Stop Loss:
$105.00 (4.5% below entry)
- Take Profit Targets:
1.
$120.00 (8.5% gain)
2.
$130.00 (17.6% gain)
3.
$129.00 (17% gain)
With the potential for a 17% ROI on the third target, this trade plan provides a balanced risk-reward ratio. Monitor the stock closely for any changes in momentum.
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