Dec. 10 at 3:44 AM
Actionable Trade Alert for
$IDCC:
Market Context:
$IDCC is currently trading at
$363.09, showing strength with an RSI of 65.22, indicating it's nearing overbought territory. The stock is above its 30-day MA (358.67) and 50-day MA (358.53), suggesting bullish momentum. The 60-day high of
$412.6 provides an upside target, while the low of
$319.49 indicates solid support.
Directional Bias: Given the current price action and strong moving averages, the bias is bullish. The RSI indicates potential for a pullback before further gains.
Trade Plan:
- Suggested Entry:
$363.09
- Stop Loss:
$350.00 (below recent support)
- Take Profit Targets:
1.
$375.00 (3.3% gain)
2.
$390.00 (7.4% gain)
3.
$425.00 (17.1% gain)
This trade offers a potential ROI of over 17% at the third target, making it a compelling opportunity. Monitor closely for any signs of reversal.
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