Dec. 17 at 2:50 AM
$LII Trade Alert:
Market Context: With the last close at
$492.39, the stock is currently positioned between its 60D high of
$568.98 and low of
$443.19, indicating potential for upward movement. The RSI at 61.58 suggests bullish momentum, but not overbought, allowing room for growth.
Directional Bias: The stock is above the 30-day moving average (MA30) of
$486.01, indicating a positive trend. However, it is below the 50-day moving average (MA50) of
$499.56, suggesting resistance ahead.
Trade Plan:
- Suggested Entry:
$495.00
- Stop Loss:
$480.00 (3.1% risk)
- Take Profit Targets:
1.
$510.00 (3% gain)
2.
$525.00 (6% gain)
3.
$577.00 (16.5% gain)
Target 3 provides a potential ROI of over 17%. Monitor price action closely, especially around MA50 for confirmation of upward momentum.
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