Dec. 19 at 3:26 PM
Actionable Trade Alert for
$CTAS:
Market Context:
$CTAS is currently trading at
$189.89, showing bullish momentum as indicated by the RSI of 59.13, which suggests it is not overbought yet. The price is above both the 30-day MA (185.46) and the 50-day MA (186.54), reinforcing a positive directional bias.
Directional Bias: The price is within a range defined by a 60-day high of
$205.93 and a low of
$180.39. This range indicates potential upside, especially with the current price above the short-term moving averages.
Trade Plan:
- Suggested Entry:
$190.50 (slightly above the last close for confirmation)
- Stop Loss:
$186.00 (below the 30-day MA)
- Take Profit Targets:
1.
$195.00 (2.5% gain)
2.
$200.00 (4.9% gain)
3.
$222.00 (17% gain)
This plan provides a solid risk-reward ratio with a clear strategy for profit-taking. Monitor the trade closely for any changes in momentum.
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