Dec. 11 at 11:41 PM
Actionable Trade Alert for
$CPB:
Market Context:
$CPB is currently trading at
$28.8, below its 30-day (MA30) and 50-day (MA50) moving averages, indicating a bearish trend. However, with an RSI of 35.79, the stock is approaching oversold territory, suggesting a potential reversal.
Directional Bias: The stock is near its 60D low of
$27.85, creating a support level. The proximity to this low combined with the low RSI indicates a possible bounce back. The ATR of 0.9 suggests moderate volatility, allowing for potential price movement.
Trade Plan:
- Suggested Entry:
$28.8
- Stop Loss:
$27.5 (1.3% below entry)
- Take Profit Targets:
1.
$30.0 (4.2% gain)
2.
$31.5 (9.4% gain)
3.
$33.7 (17.5% gain)
With a favorable risk-reward ratio, this trade aligns with the potential for a price recovery. Monitor for confirmation of upward momentum before entering.
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