Dec. 19 at 5:32 PM
Actionable Trade Alert for
$FULT:
Market Context:
$FULT is currently trading at
$20.43, near its 60-day high of
$20.77, indicating strong bullish momentum. The RSI at 86.33 suggests that the stock is overbought, which could lead to a pullback. However, the strong upward trend is supported by the moving averages (MA30 at 18.42 and MA50 at 18.12), indicating a solid bullish bias.
Directional Bias: Given the current high RSI and proximity to the 60D high, we expect a potential consolidation or pullback before further gains.
Trade Plan:
- Suggested Entry:
$20.43
- Stop Loss:
$19.50 (approximately 4.5% below entry)
- Take Profit Targets:
1. Target 1:
$21.00 (2.8% gain)
2. Target 2:
$21.50 (5.2% gain)
3. Target 3:
$23.00 (12.6% gain, 17% ROI from
$20.43)
Monitor price action closely, especially around the 60D high. Adjust stop loss to protect gains if targets are reached.
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