Dec. 10 at 4:35 AM
Actionable Trade Alert for
$CRVL:
Market Context:
$CRVL is currently trading at
$67.07, significantly below its 60-day high of
$83.92, indicating potential for a rebound. The RSI at 23.83 suggests the stock is oversold, providing a bullish signal. The moving averages (MA30 at 73.28 and MA50 at 73.46) indicate a bearish trend, but the extreme RSI level points towards a possible reversal.
Directional Bias: Given the oversold RSI and proximity to the 60-day low of
$66.88, there is a strong likelihood of a price correction upward.
Trade Plan:
- Suggested Entry:
$67.50
- Stop Loss:
$65.50 (1.5% below entry)
- Take Profit Targets:
1.
$72.00 (Target 1, 6.5% ROI)
2.
$75.00 (Target 2, 11.1% ROI)
3.
$78.50 (Target 3, 16.8% ROI)
This trade plan offers a favorable risk-reward ratio with a potential ROI exceeding 17% on the third target. Monitor closely for market movements.
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