Dec. 6 at 2:09 AM
Actionable Trade Alert for
$IT:
Market Context: The last close for
$IT is
$232.1, with an RSI of 52.41 indicating a neutral momentum. The stock is currently trading below its 30-day moving average (MA30) of
$235.5 and 50-day moving average (MA50) of
$241.2, suggesting potential upward movement as it approaches these resistance levels.
Directional Bias: The stock is within a 60-day high of
$265.85 and a low of
$222.54, providing a range for potential price movement. The ATR of 6.02 indicates moderate volatility, allowing for strategic entry and exit points.
Trade Plan:
- Suggested Entry:
$232.1
- Stop Loss:
$225.0 (approximately 3% below entry)
- Take Profit Targets:
1.
$240.0 (3.4% ROI)
2.
$250.0 (7.7% ROI)
3.
$272.0 (17.2% ROI)
This plan allows for a balanced risk-reward ratio, targeting significant upside while managing downside risk.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
