Dec. 19 at 3:39 PM
Actionable Trade Alert for
$INSM:
Market Context:
$INSM is currently trading at
$166.55, significantly below its 60-day high of
$212.75 and near its 60-day low of
$134.01. The RSI at 20.84 indicates that the stock is in oversold territory, suggesting potential for a rebound.
Directional Bias: Given the low RSI and the proximity to the 60-day low, there is a bullish bias in the short term. However, the stock remains below both the 30-day MA of 197.93 and the 50-day MA of 186.64, indicating a bearish trend in the longer term.
Trade Plan:
- Suggested Entry:
$167.00
- Stop Loss:
$160.00 (4.0% risk)
- Take Profit Targets:
1.
$180.00 (7.6% gain)
2.
$195.00 (16.5% gain)
3.
$195.00 (17.1% gain)
With a potential ROI of over 17% on the third target, this trade presents a favorable risk-reward scenario. Monitor closely for market conditions that may affect price movement.
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