Dec. 6 at 3:31 AM
Actionable Trade Alert for
$KFY:
Market Context:
$KFY closed at
$66.48, showing resilience as it trades near the middle of its 60-day range (high of
$75.19 and low of
$62.46). The RSI at 56.04 indicates a neutral to slightly bullish momentum, suggesting potential for upward movement.
Directional Bias: The stock is positioned above the 30-day MA (65.83) but below the 50-day MA (67.41), indicating a mixed short-term trend. However, the proximity to the 60-day high suggests bullish potential if it breaks above resistance.
Trade Plan:
- Suggested Entry:
$66.50
- Stop Loss:
$64.50 (1.4 ATR below entry)
- Take Profit Targets:
1. Target 1:
$68.50 (3% gain)
2. Target 2:
$70.00 (5.6% gain)
3. Target 3:
$77.00 (15.8% gain)
With a potential for over 17% ROI on the third target, this trade aligns with the current market dynamics. Monitor closely for price action near the targets.
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