Dec. 6 at 2:10 AM
Actionable Trade Alert for
$FTV:
Market Context:
$FTV is currently trading at
$53.38, showing bullish momentum with an RSI of 60.2, indicating potential for further upside. The stock is above its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$51.39 and
$50.48 respectively, confirming a positive trend.
Directional Bias: The recent price action is strong, with the stock approaching its 60-day high of
$55.93. The distance from the 60-day low of
$47.31 provides a favorable risk-reward setup.
Trade Plan:
- Suggested Entry:
$53.50
- Stop Loss:
$51.00 (4.67% below entry)
- Take Profit Targets:
1. Target 1:
$55.00 (2.79% gain)
2. Target 2:
$56.00 (4.67% gain)
3. Target 3:
$62.50 (16.84% gain)
This plan offers a potential ROI of over 17% on the third target while maintaining a manageable risk.
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