Dec. 10 at 4:22 AM
Actionable Trade Alert for
$ITRI:
Market Context:
$ITRI is currently trading at
$96.47, with an RSI of 50.69 indicating a neutral momentum. The stock is positioned between its 60D high of
$142.00 and low of
$93.41, suggesting potential for upward movement given the proximity to the low.
Directional Bias: The 30-day moving average (MA30) at
$102.43 and the 50-day moving average (MA50) at
$113.23 indicate a bearish trend in the short term, but the neutral RSI suggests a possible reversal. A break above the MA30 could signal bullish momentum.
Trade Plan:
- Suggested Entry:
$97.00 (slightly above the current close to confirm upward movement)
- Stop Loss:
$93.00 (below the recent low for risk management)
- Take Profit Targets:
1.
$105.00 (7.2% gain)
2.
$112.00 (15.5% gain)
3.
$113.00 (17.1% gain)
This plan offers a potential ROI of over 17% on the third target while maintaining a reasonable risk-reward ratio.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
