Dec. 17 at 2:04 AM
Actionable Trade Alert for
$INTU:
Market Context:
$INTU closed at
$670.18, showing a solid position above the 30-day (MA30) and 50-day (MA50) moving averages, indicating bullish momentum. The RSI at 57.7 suggests that the stock is neither overbought nor oversold, allowing room for upward movement.
Directional Bias: The stock is currently trending positively, with a 60-day high of
$703.96 providing a strong resistance level and a low of
$619.82 indicating solid support. The ATR of 16.61 suggests moderate volatility, allowing for potential price swings.
Trade Plan:
- Suggested Entry:
$670.18
- Stop Loss:
$650.00 (approx. 3% below entry)
- Take Profit Targets:
- TP1:
$685.00 (2.2% gain)
- TP2:
$700.00 (4.4% gain)
- TP3:
$785.00 (17% gain)
With these targets, we aim for a minimum of 17% ROI on TP3. Monitor closely for any significant market changes.
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