Dec. 11 at 11:33 PM
Actionable Trade Alert for
$EXEL:
Market Context:
$EXEL is currently trading at
$41.68, with a neutral RSI of 49.42 indicating no immediate overbought or oversold conditions. The stock is positioned between its 60D high of
$44.91 and low of
$33.76, suggesting potential for upward movement.
Directional Bias: The 30-day moving average (MA30) at
$41.97 is slightly above the current price, indicating resistance. However, the 50-day moving average (MA50) at
$40.70 provides support. This setup suggests a bullish bias if the price breaks above the MA30.
Trade Plan:
- Suggested Entry:
$42.00 (break above MA30)
- Stop Loss:
$39.50 (below MA50)
- Take Profit Targets:
1.
$43.00 (2.38% gain)
2.
$44.00 (4.76% gain)
3.
$48.00 (15.83% gain)
With a potential 15.83% ROI at target 3, this trade presents a favorable risk-reward scenario. Monitor closely for price action around key levels.
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