Dec. 25 at 1:50 PM
$KVUE Actionable Trade Alert:
Market Context:
$KVUE is currently trading at
$17.21, showing a bullish sentiment as it is near its 60D high of
$17.59. The RSI at 57.53 indicates that the stock is neither overbought nor oversold, suggesting room for upward movement. The MA30 at
$16.92 and MA50 at
$16.32 are both below the current price, reinforcing a bullish trend.
Directional Bias: The stock is positioned well above its moving averages, indicating potential for continued upward momentum. With the recent high of
$17.59, there is a clear target for profit-taking.
Trade Plan:
- Suggested Entry:
$17.25
- Stop Loss:
$16.75 (3% below entry)
- Take Profit Targets:
1.
$17.75 (2.9% gain)
2.
$18.00 (4.3% gain)
3.
$20.00 (16.5% gain)
This plan offers a potential ROI of over 17% on the third target. Monitor the stock closely and adjust the stop loss as necessary.
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