Dec. 25 at 2:27 PM
Actionable Trade Alert for
$IVZ:
Market Context:
$IVZ is currently trading at
$27.21, near its 60D high of
$27.48, indicating strong upward momentum. The RSI of 68.87 suggests that the stock is approaching overbought territory, which may lead to a pullback. However, the bullish trend is supported by the MA30 at
$25.13 and MA50 at
$24.41, both indicating a strong upward bias.
Directional Bias: The stock has shown resilience, bouncing off its 60D low of
$20.67, and is currently in a bullish phase, but caution is advised due to the high RSI.
Trade Plan:
- Suggested Entry:
$27.21
- Stop Loss:
$25.50 (approximately 6.3% below entry)
- Take Profit Targets:
- TP1:
$28.00 (2.9% gain)
- TP2:
$29.00 (6.8% gain)
- TP3:
$31.85 (17.2% gain)
This trade plan offers a solid risk-reward ratio, aiming for a minimum of 17% ROI on TP3. Monitor closely for market conditions and adjust as necessary.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
