Dec. 11 at 11:27 PM
Actionable Trade Alert for
$LAMR:
Market Context:
$LAMR is currently trading at
$130.01, showing bullish momentum as indicated by an RSI of 59.8, which suggests potential for further upward movement without being overbought. The stock is above its 30-day moving average (MA30) of
$127.73 and significantly above its 50-day moving average (MA50) of
$124.66, reinforcing a positive directional bias.
Trade Plan:
- Suggested Entry:
$130.50 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$127.00 (below the MA30 for protection)
- Take Profit Targets:
1.
$134.00 (approx. 2.3% gain)
2.
$138.00 (approx. 5.8% gain)
3.
$152.00 (approx. 17% gain)
Rationale: The 60-day high of
$134.63 provides a resistance level, while the potential for a move towards
$152.00 aligns with the bullish trend. The ATR of
$2.27 supports the volatility needed to reach these targets.
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