Dec. 11 at 10:46 PM
Actionable Trade Alert for
$IDXX:
Market Context:
$IDXX is currently trading at
$710.02, showing a stable position above its 30-day moving average (MA30) of
$709.62 and a significant distance above the 50-day moving average (MA50) of
$679.37. The RSI at 56.32 indicates a neutral to slightly bullish momentum, suggesting potential for upward movement.
Directional Bias: The price is near the 60-day high of
$769.98, indicating bullish sentiment. The ATR of 20.0 suggests moderate volatility, allowing for potential price swings.
Trade Plan:
- Suggested Entry:
$712.00
- Stop Loss:
$690.00 (3.1% below entry)
- Take Profit Targets:
1. TP1:
$740.00 (3.9% ROI)
2. TP2:
$760.00 (6.8% ROI)
3. TP3:
$830.00 (16.7% ROI)
With a well-defined risk-reward ratio, this trade plan offers a potential ROI of over 17% on TP3. Monitor market conditions closely.
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