Dec. 19 at 4:01 PM
Actionable Trade Alert for
$BURL:
Market Context:
$BURL is currently trading at
$270.91, showing a bullish sentiment with an RSI of 61.53, indicating potential upward momentum. The stock is above its 30-day MA of
$269.77 and slightly above the 50-day MA of
$270.33, suggesting a positive trend. The recent 60-day high of
$298.02 provides a key resistance level.
Directional Bias: The RSI indicates strength but is not overbought, providing room for further gains. The proximity to the 60-day high suggests a potential breakout.
Trade Plan:
- Suggested Entry:
$272.00
- Stop Loss:
$263.00 (approximately 3.3% below entry)
- Take Profit Targets:
1.
$280.00 (2.96% gain)
2.
$290.00 (6.63% gain)
3.
$317.00 (16.5% gain)
With a strong upside potential and favorable technical indicators, this trade offers an attractive risk/reward profile.
For more insights, visit https://privateprofiteers.com.
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