Dec. 6 at 1:29 AM
Actionable Trade Alert for
$CVS:
Market Context:
$CVS is currently trading at
$76.75, below both the 30-day moving average (MA30) of
$78.75 and the 50-day moving average (MA50) of
$78.63, indicating a bearish trend. The RSI of 42.26 suggests that the stock is nearing oversold territory, which may lead to a potential reversal.
Directional Bias: Given the current price is closer to the 60-day low of
$72.39 than the high of
$85.15, there is a potential for upward movement if buying pressure increases.
Trade Plan:
- Suggested Entry:
$76.75
- Stop Loss:
$74.50 (approximately 2.95% below entry)
- Take Profit Targets:
1.
$80.00 (4.8% ROI)
2.
$83.00 (8.7% ROI)
3.
$90.00 (17.2% ROI)
This trade plan allows for a strategic entry with defined risk and multiple take profit levels, capitalizing on potential upward movement as the stock approaches its historical high.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
