Dec. 25 at 2:41 PM
Actionable Trade Alert for
$CAG:
Market Context:
$CAG closed at
$17.08, with the RSI at 52.7 indicating a neutral momentum. The stock is currently trading below its 30-day moving average (MA30) of
$17.44 and 50-day moving average (MA50) of
$17.59, suggesting potential resistance in the short term. However, the recent high of
$19.36 indicates room for upward movement within the 60-day range.
Directional Bias: Given the RSI is near neutral and the stock is below key moving averages, we anticipate a potential rebound towards the upper end of the recent trading range.
Trade Plan:
- Suggested Entry:
$17.10 (slightly above the last close to confirm upward movement)
- Stop Loss:
$16.60 (below the 60D low to limit downside risk)
- Take Profit Targets:
1.
$17.80 (4.1% gain)
2.
$18.50 (8.3% gain)
3.
$20.00 (17.0% gain)
This trade plan offers a potential ROI of over 17% at the third target while maintaining a manageable risk.
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