Dec. 17 at 4:21 AM
Actionable Trade Alert for
$CBU:
Market Context:
$CBU is currently trading at
$59.81, showing bullish momentum with an RSI of 60.71, indicating it is not yet overbought. The stock is above both the 30-day MA (57.43) and the 50-day MA (57.1), suggesting a strong upward trend. The recent high of
$61.24 provides a resistance level to watch.
Directional Bias: The positive alignment of the price above key moving averages, combined with a healthy RSI, supports a bullish outlook. The 60D high and low range (high of
$61.24 and low of
$53.46) indicates potential for upward movement.
Trade Plan:
- Suggested Entry:
$59.81
- Stop Loss:
$57.50 (approx. 3.85% below entry)
- Take Profit Targets:
1.
$61.00 (approx. 2.00% gain)
2.
$62.50 (approx. 2.83% gain)
3.
$70.00 (approx. 17% gain)
This trade plan offers a solid risk-to-reward ratio with a potential ROI exceeding 17% on the third target.
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