Dec. 8 at 11:53 PM
Actionable Trade Alert for
$EXLS:
Market Context: The last close at
$40.37 indicates a strong position within the recent trading range, with a 60D high of
$44.32 and a low of
$37.30. The RSI at 66.33 suggests the stock is nearing overbought territory, indicating caution but also potential for further upward movement.
Directional Bias: The stock is currently above the 30-day moving average (MA30) of
$39.67, indicating bullish momentum. However, it is slightly below the 50-day moving average (MA50) of
$40.55, suggesting a potential resistance level.
Trade Plan:
- Suggested Entry:
$40.50
- Stop Loss:
$39.00 (approximately 3.7% below entry)
- Take Profit Targets:
1. Target 1:
$42.00 (3.7% ROI)
2. Target 2:
$43.00 (6.1% ROI)
3. Target 3:
$47.00 (16.3% ROI)
With these targets, there is potential for a 17% ROI or more on the third target. Monitor the RSI and price action closely for any signs of reversal.
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