Dec. 8 at 11:25 PM
Actionable Trade Alert for
$GMED:
Market Context:
$GMED closed at
$89.24, showing strong momentum with an RSI of 64.21, indicating bullish sentiment but nearing overbought territory. The stock is above its 30-day MA of 79.3 and 50-day MA of 71.4, signaling a strong upward trend.
Directional Bias: The current price is close to the 60-day high of
$92.48, suggesting potential resistance ahead. However, the distance from the 60-day low of
$54.15 indicates significant upside potential.
Trade Plan:
- Suggested Entry:
$89.50 (slightly above the last close to confirm momentum)
- Stop Loss:
$86.91 (below the ATR of
$2.33 for risk management)
- Take Profit Targets:
1. Target 1:
$92.00 (3% gain)
2. Target 2:
$94.00 (5.5% gain)
3. Target 3:
$104.00 (16.5% gain)
This plan offers a potential ROI of over 17% on Target 3 while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
