Dec. 6 at 3:42 AM
Actionable Trade Alert for
$COLM:
Market Context:
$COLM closed at
$54.51, showing stability within its recent trading range. The RSI at 50.2 indicates neutral momentum, suggesting potential for upward movement as it approaches the 60D high of
$55.97.
Directional Bias: The stock is currently above both the 30-day MA of
$52.67 and the 50-day MA of
$52.45, indicating bullish sentiment. The proximity to the 60D high reinforces the potential for a breakout.
Trade Plan:
- Suggested Entry:
$54.75 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$52.00 (below the 30-day MA for protection)
- Take Profit Targets:
1.
$56.50 (target 1, ~3.5% gain)
2.
$58.00 (target 2, ~6.3% gain)
3.
$64.00 (target 3, ~17% gain)
This plan allows for a favorable risk-reward ratio, with a potential ROI of over 17% on the third target. Monitor the trade closely as it approaches key resistance levels.
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