Dec. 25 at 1:50 PM
Actionable Trade Alert for
$LEN:
Market Context:
$LEN is currently trading at
$105.09, significantly below its 60-day high of
$133.76, suggesting potential for a rebound. The RSI at 12.91 indicates that the stock is oversold, signaling a possible reversal.
Directional Bias: Given the low RSI and proximity to the 60-day low of
$104.25, there is a bullish bias for a short-term recovery. The moving averages (MA30 at 119.69 and MA50 at 121.62) further support this view, indicating a potential upward trend if the stock can break above these levels.
Trade Plan:
- Suggested Entry:
$106.00
- Stop Loss:
$103.50 (below the 60D low)
- Take Profit Targets:
1.
$112.00 (5.66% ROI)
2.
$118.00 (11.24% ROI)
3.
$123.00 (16.99% ROI)
The third target provides an ROI of nearly 17%, aligning with our goal. Monitor price action closely for volatility.
For more insights, visit https://privateprofiteers.com.
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