Dec. 15 at 6:48 AM
$DOX: Actionable Trade Alert
Market Context: With the last close at
$79.35,
$DOX is currently trading near the upper range of its 60-day high of
$85.63, indicating potential resistance. The RSI at 68.28 suggests that the stock is nearing overbought territory, which may lead to a pullback.
Directional Bias: The stock is above the 30-day MA of
$78.6 but below the 50-day MA of
$80.34, indicating mixed signals. The current price is also close to the 60-day high, suggesting a cautious bullish stance.
Trade Plan:
- Suggested Entry:
$79.50 (slightly above the last close)
- Stop Loss:
$77.50 (to limit downside risk)
- Take Profit Targets:
1.
$82.00 (4.1% gain)
2.
$84.00 (5.8% gain)
3.
$93.00 (17.3% gain)
This plan provides a solid risk-reward ratio, especially with the third target aiming for over 17% ROI. Monitor market conditions closely.
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