Dec. 6 at 2:00 AM
Actionable Trade Alert for
$CFG:
Market Context:
$CFG is currently trading at
$55.88, near its 60D high of
$56.04, indicating bullish momentum. The RSI at 71.92 suggests the stock is overbought, which may lead to a pullback. However, the strong upward trend is supported by moving averages.
Directional Bias: The stock is above both the 30-day MA (52.16) and the 50-day MA (52.02), reinforcing a bullish outlook. The recent high-low range (60D High:
$56.04, 60D Low:
$47.96) supports potential upward movement but also indicates caution due to the overbought RSI.
Trade Plan:
- Suggested Entry:
$55.50 (slightly below current close to capture a potential dip)
- Stop Loss:
$54.50 (to limit risk)
- Take Profit Targets:
1.
$57.50 (approx. 3% gain)
2.
$59.00 (approx. 6% gain)
3.
$65.00 (approx. 17% gain)
This plan allows for a strategic entry while managing risk effectively.
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