Dec. 10 at 4:49 AM
Actionable Trade Alert for
$BXMT:
Market Context:
$BXMT is currently trading at
$19.98, showing strong momentum with an RSI of 77.57, indicating it is overbought. The stock's recent performance has been near its 60D high of
$20.00, suggesting potential resistance at this level.
Directional Bias: Given the high RSI and proximity to the 60D high, there is a risk of a pullback. However, the stock is above its 30-day (MA30: 18.84) and 50-day (MA50: 18.62) moving averages, indicating a bullish trend.
Suggested Entry: Consider entering a long position at
$19.80.
Stop Loss: Set a stop loss at
$19.30 to manage risk.
Take Profit Targets:
1. Target 1:
$20.20 (approx. 2.5% gain)
2. Target 2:
$21.00 (approx. 6.1% gain)
3. Target 3:
$23.40 (approx. 17.3% gain)
This plan offers a solid risk-reward ratio, with a potential 17% ROI on the third target. Monitor the stock closely for any signs of reversal.
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