Dec. 19 at 4:31 PM
$GAP: The recent close at
$27.28 indicates a bullish sentiment, supported by an RSI of 52.07, suggesting the stock is neither overbought nor oversold. The current price is above both the 30-day MA of
$25.56 and the 50-day MA of
$24.21, reinforcing a positive trend. The stock's 60-day high of
$28.1 is within reach, providing a potential breakout opportunity.
Action Plan:
- Suggested Entry:
$27.30
- Stop Loss:
$25.80 (below recent support levels)
- Take Profit Targets:
- Target 1:
$28.00 (2.5% gain)
- Target 2:
$29.00 (6.3% gain)
- Target 3:
$31.00 (13.5% gain)
With the third target at
$31.00, this offers a potential ROI of over 17%. The ATR of
$0.91 indicates volatility, allowing for reasonable price movement towards our targets.
Monitor closely for market conditions and adjust as necessary.
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