Dec. 19 at 5:41 PM
Actionable Trade Alert for
$CPRX:
Market Context:
$CPRX is currently trading at
$23.67, showing a stable position within its recent range. The RSI at 52.66 indicates a neutral sentiment, suggesting potential for upward movement. The stock is above the 30-day moving average (MA30) of
$23.00 and significantly above the 50-day moving average (MA50) of
$22.19, indicating bullish momentum.
Directional Bias: The price is closer to the 60-day high of
$25.14, suggesting potential for a breakout. The ATR of
$0.73 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$23.70
- Stop Loss:
$22.80 (3.8% risk)
- Take Profit Targets:
1. TP1:
$24.50 (3.4% gain)
2. TP2:
$25.00 (5.0% gain)
3. TP3:
$27.75 (17.5% gain)
This plan offers a solid risk-reward ratio with a minimum of 17% ROI on TP3. Monitor closely for market conditions.
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