Dec. 10 at 3:14 AM
Actionable Trade Alert for
$DGX:
Market Context:
$DGX closed at
$179.62, showing potential for upward movement given the current RSI of 38.3, indicating it is nearing oversold territory. The stock is trading below its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$183.52 and
$183.58, respectively. The recent 60-day high of
$197.55 suggests room for recovery.
Directional Bias: The RSI indicates potential bullish momentum as it approaches oversold conditions. The proximity to the 60D low of
$174.33 provides a solid support level.
Trade Plan:
- Suggested Entry:
$179.62
- Stop Loss:
$174.00 (approximately 3.6% below entry)
- Take Profit Targets:
1. Target 1:
$185.00 (3% gain)
2. Target 2:
$190.00 (5.8% gain)
3. Target 3:
$210.00 (16.9% gain)
This plan offers a potential ROI of over 17% on the third target, aligning with market recovery indicators.
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