Dec. 19 at 3:19 PM
Actionable Trade Alert for
$BSX:
Market Context:
$BSX closed at
$96.11, currently trading below its 30-day (MA30 = 98.02) and 50-day (MA50 = 98.57) moving averages, indicating a bearish trend. The RSI at 32.14 suggests that the stock is oversold, which may signal a potential reversal.
Directional Bias: Given the oversold RSI and proximity to the 60-day low of
$90.42, there's a likelihood for a bounce back towards the higher end of its recent range.
Trade Plan:
- Suggested Entry:
$96.50 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$94.00 (below recent support)
- Take Profit Targets:
1.
$100.00 (approx. 3.9% gain)
2.
$102.50 (approx. 6.8% gain)
3.
$112.00 (approx. 16.5% gain, achieving over 17% ROI)
This plan positions for a potential recovery while managing risk effectively.
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