Dec. 6 at 1:50 AM
Actionable Trade Alert for
$EXPE:
Market Context:
$EXPE is currently trading at
$258.38, showing potential for upward movement based on recent metrics. The RSI at 43.75 indicates that the stock is nearing oversold conditions, suggesting a potential rebound. The stock is also above the 30-day moving average (MA30) of
$242.38 and significantly above the 50-day moving average (MA50) of
$232.69, indicating bullish momentum.
Directional Bias: Given the current RSI and the position relative to the MAs, we have a bullish bias. The recent high of
$279.61 provides a target for upside potential, while the low of
$208.44 establishes a solid support level.
Trade Plan:
- Suggested Entry:
$260.00
- Stop Loss:
$245.00 (approx. 5.9% risk)
- Take Profit Targets:
1.
$270.00 (approx. 3.8% gain)
2.
$275.00 (approx. 5.8% gain)
3.
$303.00 (approx. 17.3% gain)
This plan offers a potential ROI of over 17% on the third target, making it a compelling trade.
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