Dec. 15 at 7:39 AM
Actionable Trade Alert for
$FHI
Market Context:
$FHI is currently trading at
$52.19, showing strong momentum with an RSI of 78.93, indicating overbought conditions. The stock is above its 30-day MA of 49.79 and 50-day MA of 50.22, suggesting bullish sentiment. However, the high RSI signals potential for a pullback.
Directional Bias: The price is close to the 60-day high of
$53.45, which may act as resistance. The recent high-low range indicates volatility, with a 60-day low of
$46.66.
Suggested Trade Plan:
- Entry:
$52.19
- Stop Loss:
$50.00 (approximately 4.2% below entry)
- Take Profit Targets:
1. Target 1:
$53.00 (1.55% gain)
2. Target 2:
$54.00 (3.48% gain)
3. Target 3:
$61.00 (16.83% gain)
The third target provides a potential ROI of over 17%. Monitor for price action near resistance levels and adjust stop loss accordingly.
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