Dec. 19 at 3:38 PM
Actionable Trade Alert for
$KR:
Market Context:
$KR is currently trading at
$62.79, below its 30-day moving average (MA30) of
$64.81 and 50-day moving average (MA50) of
$65.7, indicating a bearish trend. The RSI at 33.6 suggests that the stock is oversold, potentially signaling a reversal.
Directional Bias: With the stock near its 60-day low of
$60.96, there's room for a bounce back towards the 60-day high of
$69.81. The ATR of 1.62 indicates moderate volatility, allowing for reasonable movement.
Trade Plan:
- Suggested Entry:
$62.79
- Stop Loss:
$60.50 (approximately 3.6% below entry)
- Take Profit Targets:
1.
$65.00 (5.5% ROI)
2.
$67.00 (7.0% ROI)
3.
$73.00 (16.3% ROI)
This plan aims for a minimum of 17% ROI on the third target while maintaining a manageable risk. Monitor the stock closely for any changes in momentum.
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