Dec. 25 at 1:29 PM
Actionable Trade Alert for
$CVS:
Market Context:
$CVS closed at
$79.12, showing strength as it remains above the 30-day moving average (MA30) of
$78.2 and near the 50-day moving average (MA50) of
$79.02. The RSI at 59.87 indicates bullish momentum, suggesting potential for further upside.
Directional Bias: The price is positioned well within the 60-day high of
$85.15 and low of
$74.14, indicating a bullish trend. The current price is closer to the high, providing a favorable risk-reward setup.
Trade Plan:
- Suggested Entry:
$79.20
- Stop Loss:
$77.50 (1.5% below entry)
- Take Profit Targets:
1.
$82.00 (3.5% gain)
2.
$84.00 (6.5% gain)
3.
$92.00 (16.2% gain)
With these targets, the third take profit offers a potential ROI of over 17%. Monitor the ATR of 1.76 for volatility adjustments.
Stay informed and trade wisely.
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