Dec. 15 at 7:37 AM
$FORM: Given the last close at
$55.44 and an RSI of 71.41, the stock is currently in overbought territory, suggesting a potential pullback. However, the price is above the 30-day MA of
$53.83 and the 50-day MA of
$49.32, indicating a bullish trend in the short to medium term. The 60-day high of
$61.1 provides a key resistance level, while the low of
$34.8 indicates significant upward movement potential.
Actionable Trade Alert:
- Suggested Entry:
$55.00 (slightly below the last close to account for potential pullback)
- Stop Loss:
$52.00 (to limit losses if the trend reverses)
- Take Profit Targets:
1.
$58.00 (5% gain)
2.
$60.00 (8.5% gain)
3.
$64.00 (15.5% gain)
With the third target providing a potential ROI of over 17%, this trade plan allows for a structured approach to capitalize on the bullish trend while managing risk effectively.
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