Dec. 15 at 6:18 AM
$IP is currently trading at
$38.54, with an RSI of 54.98, indicating a neutral momentum. The stock is above its 30-day moving average (MA30) of
$37.96, suggesting short-term bullish sentiment, while it is below the 50-day moving average (MA50) of
$41.38, indicating potential resistance. The 60-day high of
$49.69 provides a target for upside potential, while the low of
$35.56 establishes a solid support level.
Actionable Trade Alert:
- Suggested Entry:
$38.54
- Stop Loss:
$36.50 (below recent support)
- Take Profit Targets:
1.
$42.00 (10% ROI)
2.
$45.00 (16.5% ROI)
3.
$45.00 (17% ROI)
With the current price near the midpoint of the 60-day range and the ATR at
$1.04, this trade plan allows for a favorable risk-reward setup. Monitor the momentum closely, and adjust the stop loss to lock in profits as the price approaches targets.
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