Dec. 25 at 2:09 PM
Actionable Trade Alert for
$CNC:
Market Context:
$CNC is currently trading at
$39.89, showing a solid performance with an RSI of 56.47, indicating bullish momentum without being overbought. The stock is above its 30-day MA of
$38.37 and 50-day MA of
$37.20, suggesting a positive trend.
Directional Bias: The price is closer to the 60-day high of
$41.74, indicating upward potential. The ATR of 1.28 suggests moderate volatility, allowing for reasonable price movements.
Trade Plan:
- Suggested Entry:
$39.89
- Stop Loss:
$37.50 (approximately 6% below entry)
- Take Profit Targets:
1.
$41.00 (2.78% ROI)
2.
$42.50 (6.57% ROI)
3.
$46.75 (17.5% ROI)
The third target aligns with a 17% ROI, making this trade attractive. Monitor the stock closely for any changes in momentum or market conditions.
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