Dec. 10 at 3:52 AM
Actionable Trade Alert for
$CORT:
Market Context:
$CORT is currently trading at
$83.15, showing strong momentum but is in overbought territory with an RSI of 72.14. The stock has recently approached the 60D high of
$91.00, indicating potential resistance.
Directional Bias: The high RSI suggests a pullback may occur, but the price is above both the 30-day MA (77.31) and 50-day MA (78.31), indicating bullish momentum. The recent high-low range (60D High:
$91.00, Low:
$67.00) supports potential upward movement but requires caution.
Trade Plan:
- Suggested Entry:
$83.15
- Stop Loss:
$79.00 (approximately 5% below entry)
- Take Profit Targets:
1. Target 1:
$87.00 (4.5% ROI)
2. Target 2:
$90.00 (8.3% ROI)
3. Target 3:
$97.00 (16.7% ROI)
With a target of
$97.00, this trade offers a potential ROI of 16.7%, aligning with our goal of 17% or more. Monitor for volatility given the ATR of 3.07.
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