Dec. 6 at 3:30 AM
Actionable Trade Alert for
$INTA:
Market Context:
$INTA closed at
$44.25, showing bullish momentum as it is above the 30-day (MA30) and 50-day (MA50) moving averages, which are at
$40.8 and
$40.17, respectively. The RSI of 57.26 indicates that the stock is not overbought, suggesting room for upward movement.
Directional Bias: Given the current price is near the 60-day high of
$46.83 and well above the 60-day low of
$36.00, there is a bullish sentiment. The ATR of 1.79 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$44.25
- Stop Loss:
$42.00 (approximately 5% below entry)
- Take Profit Targets:
- Target 1:
$46.00 (4% gain)
- Target 2:
$48.00 (8% gain)
- Target 3:
$52.00 (17.5% gain)
This plan provides a solid risk-reward ratio, with the potential for over 17% ROI on the third target.
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