Dec. 15 at 5:43 AM
Actionable Trade Alert for
$CVS:
Market Context:
$CVS closed at
$79.42, showing a stable position within the recent 60-day high of
$85.15 and low of
$73.80. The RSI at 53.99 indicates a neutral stance, suggesting potential for upward movement without being overbought.
Directional Bias: The price is above the 30-day MA of
$78.24 and the 50-day MA of
$78.91, indicating bullish momentum. The proximity to the 60-day high suggests a breakout potential.
Trade Plan:
- Suggested Entry:
$79.50 (slightly above the last close for confirmation)
- Stop Loss:
$77.50 (to limit downside risk)
- Take Profit Targets:
1. Target 1:
$82.00 (approx. 3.14% gain)
2. Target 2:
$84.00 (approx. 5.68% gain)
3. Target 3:
$93.00 (approx. 17.14% gain)
This trade plan leverages the current bullish sentiment and market structure, aiming for a significant ROI on the third target.
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