Dec. 19 at 4:18 PM
Actionable Trade Alert for
$EVR:
Market Context:
$EVR's last close was
$338.25, showing strong momentum but with an RSI of 68.1, indicating it is nearing overbought territory. The stock is currently above its 30-day MA of
$319.86 and 50-day MA of
$316.67, suggesting bullish sentiment.
Directional Bias: The recent high of
$349.91 indicates potential resistance, while the low of
$288.0 provides a solid support level. Given the current price and RSI, a pullback may occur before further upward movement.
Trade Plan:
- Suggested Entry:
$335.00 (slightly below current price for a better entry point)
- Stop Loss:
$328.00 (below recent support)
- Take Profit Targets:
1.
$350.00 (4.4% gain)
2.
$360.00 (7.3% gain)
3.
$395.00 (17% gain)
This plan allows for a strategic entry with a favorable risk-reward ratio, aiming for significant upside while managing risk effectively.
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