Dec. 6 at 1:38 AM
Actionable Trade Alert for
$IDXX:
Market Context:
$IDXX closed at
$717.47, showing resilience above the MA30 of
$698.19. The current RSI of 53.95 indicates a neutral to slightly bullish sentiment, suggesting potential upward momentum.
Directional Bias: The stock is trading above both the 30-day and 50-day moving averages, indicating a bullish trend. The 60-day high of
$769.98 provides a key resistance level, while the low of
$600.57 offers a solid support base.
Trade Plan:
- Suggested Entry:
$720.00
- Stop Loss:
$695.00 (3.5% risk)
- Take Profit Targets:
1.
$740.00 (2.8% gain)
2.
$760.00 (5.5% gain)
3.
$840.00 (16.9% gain)
With the potential for a 17%+ ROI on the third target, this trade presents a favorable risk-reward scenario. Monitor price action closely for entry confirmation.
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