Dec. 5 at 10:06 PM
Actionable Trade Alert for
$EGP:
Market Context:
$EGP is currently trading at
$180.48, showing strength with an RSI of 59.01, indicating bullish momentum but not overbought. The stock is above its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$177.89 and
$175.77, respectively, suggesting a positive trend.
Directional Bias: The stock is positioned well within the 60-day high of
$183.38 and low of
$163.31, indicating potential for upward movement. The current price is close to the 60D high, reinforcing a bullish outlook.
Trade Plan:
- Suggested Entry:
$180.50
- Stop Loss:
$177.00 (approximately 1.4% below entry)
- Take Profit Targets:
1.
$183.00 (1.4% gain)
2.
$185.00 (2.1% gain)
3.
$211.00 (17% gain)
This plan offers a solid risk-reward ratio with the potential for a significant return on the third target.
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