Dec. 25 at 1:32 PM
Actionable Trade Alert for
$CTAS:
Market Context:
$CTAS closed at
$191.18, showing strength near the upper range of its 60-day high of
$204.74 and low of
$180.39. The RSI at 63.36 indicates bullish momentum but suggests caution as it approaches overbought territory.
Directional Bias: The stock is above its 30-day (186.15) and 50-day (186.65) moving averages, indicating a bullish trend. The proximity to the 60-day high supports the bullish outlook.
Trade Plan:
- Suggested Entry:
$192.00
- Stop Loss:
$188.00 (4% below entry)
- Take Profit Targets:
1.
$197.00 (2.6% gain)
2.
$201.00 (4.7% gain)
3.
$224.00 (17% gain)
With these targets, a successful trade could yield a minimum of 17% ROI on the third target. Monitor the price action closely and adjust the stop loss to secure profits as the trade progresses.
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