Dec. 25 at 2:28 PM
Actionable Trade Alert for
$BMRN:
Market Context:
$BMRN closed at
$60.16, showing strength as it approaches the 60D high of
$63.89. The RSI of 67.95 indicates the stock is nearing overbought territory, suggesting caution but also potential for upward momentum. The MA30 (54.76) and MA50 (54.08) are both below the current price, indicating a bullish trend.
Directional Bias: The stock is in a bullish phase, supported by the proximity to recent highs and the upward trend indicated by moving averages. However, the elevated RSI suggests a potential pullback could occur.
Trade Plan:
- Suggested Entry:
$60.50 (slightly above the last close)
- Stop Loss:
$57.50 (2.65% below entry)
- Take Profit Targets:
1.
$63.00 (4.13% gain)
2.
$65.00 (7.19% gain)
3.
$70.50 (16.57% gain)
With a focus on the high-low range and moving averages, this plan targets a minimum of 17% ROI on the final target.
https://privateprofiteers.com
