Dec. 25 at 1:59 PM
Actionable Trade Alert for
$BIIB:
Market Context:
$BIIB closed at
$176.33, showing potential for upward movement given its current position relative to key moving averages and RSI.
Directional Bias: The RSI at 40.52 indicates a neutral stance, suggesting that the stock is not overbought or oversold. The MA30 at
$174.46 is currently supporting the price, while the MA50 at
$164.74 indicates a bullish trend over the longer term. The recent 60D high of
$185.17 provides a target for potential gains, while the low of
$138.00 offers a solid reference for risk management.
Trade Plan:
- Suggested Entry:
$177.00
- Stop Loss:
$171.00 (3.5% risk)
- Take Profit Targets:
1.
$182.00 (2.8% gain)
2.
$185.00 (4.4% gain)
3.
$207.00 (17.4% gain)
This plan offers a solid risk-reward ratio, capitalizing on the upward potential while managing downside risk effectively.
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