Dec. 19 at 3:27 PM
Actionable Trade Alert for
$EMR:
Market Context:
$EMR is currently trading at
$131.6, within a range defined by a 60-day high of
$141.06 and a low of
$123.38. The RSI at 46.09 indicates that the stock is neither overbought nor oversold, suggesting potential for upward movement. The stock is below both the 30-day (131.96) and 50-day (132.27) moving averages, indicating a bearish short-term trend but potential for reversal.
Directional Bias: Given the current RSI and the proximity to the 60-day low, there is a bullish bias. If the stock can break above the moving averages, it may signal a reversal.
Trade Plan:
- Suggested Entry:
$132.00 (slightly above current close)
- Stop Loss:
$128.60 (below recent support)
- Take Profit Targets:
1.
$135.00 (Target 1, 2.0% gain)
2.
$138.00 (Target 2, 4.7% gain)
3.
$154.00 (Target 3, 17.0% gain)
This plan offers a solid risk-reward ratio with a potential 17% ROI at the third target.
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