Dec. 11 at 11:15 PM
$CHRW Analysis: The stock closed at
$160.25, with an RSI of 70.41 indicating overbought conditions. The 30-day moving average (MA30) is at
$154.34, suggesting a bullish trend, while the 50-day moving average (MA50) at
$144.23 supports this upward momentum. The 60-day high of
$162.79 offers a potential resistance level, while the low of
$123.64 provides a solid support base.
Actionable Trade Alert:
- Suggested Entry:
$161.00 (slightly above the close to capture momentum)
- Stop Loss:
$157.50 (below MA30 to limit downside)
- Take Profit Targets:
- Target 1:
$165.00 (2.4% gain)
- Target 2:
$170.00 (5.9% gain)
- Target 3:
$187.00 (16.8% gain)
With a potential ROI of over 17% on the third target, this trade aligns with the bullish sentiment indicated by the moving averages and high-low range. Monitor RSI for any reversal signals.
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