Dec. 10 at 4:16 AM
$KBR Trade Alert:
Market Context:
$KBR is currently trading at
$43.6, near the upper range of its 60-day high of
$52.23. The RSI at 68.08 indicates it is approaching overbought territory, suggesting a potential pullback or consolidation before further upward movement.
Directional Bias: The price is above both the 30-day MA (42.1) and the 50-day MA (43.33), indicating a bullish trend. However, the high RSI suggests caution, as it may lead to a correction.
Trade Plan:
- Suggested Entry:
$43.6
- Stop Loss:
$41.5 (approximately 4.8% below entry)
- Take Profit Targets:
1. Target 1:
$46.0 (5.5% gain)
2. Target 2:
$49.0 (12.7% gain)
3. Target 3:
$51.0 (17% gain)
This plan aims for a conservative approach, allowing for potential gains while managing risk effectively. Monitor price action closely and adjust stop loss to lock in profits as targets are reached.
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