Dec. 8 at 10:46 PM
Actionable Trade Alert for
$IQV
Market Context:
$IQV closed at
$223.79, showing strength above its 30-day moving average (MA30) of
$220.33 and 50-day moving average (MA50) of
$214.28. The RSI at 62.9 indicates bullish momentum but suggests caution as it approaches overbought territory.
Directional Bias: The price is trading near the 60-day high of
$234.3, indicating potential resistance. However, the upward trend supported by the MAs suggests a continuation of bullish sentiment.
Trade Plan:
- Suggested Entry:
$224.50 (slightly above the last close)
- Stop Loss:
$218.00 (below MA30 for protection)
- Take Profit Targets:
1. Target 1:
$230.00 (2.4% gain)
2. Target 2:
$235.00 (4.9% gain)
3. Target 3:
$262.00 (17.0% gain)
With a well-defined risk-reward ratio, this plan allows for a strategic approach to capitalize on upward momentum while managing risk effectively.
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