Dec. 8 at 10:21 PM
Actionable Trade Alert for
$LRCX:
Market Context:
$LRCX is currently trading at
$161.24, showing strength as it approaches its 60D high of
$167.15. The RSI at 64.24 indicates bullish momentum but is nearing overbought territory. The stock is above its 30-day MA of
$155.63 and 50-day MA of
$150.16, suggesting a strong upward trend.
Directional Bias: The bullish trend is supported by the price being significantly above the moving averages, indicating potential for further gains. However, the RSI suggests caution as it is approaching overbought levels.
Trade Plan:
- Suggested Entry:
$161.50
- Stop Loss:
$154.00 (approximately 4.5% below entry)
- Take Profit Targets:
1.
$165.00 (Target 1: 2.9% ROI)
2.
$169.00 (Target 2: 4.6% ROI)
3.
$189.00 (Target 3: 17.3% ROI)
This plan offers a strong risk-reward ratio with a conservative approach to profit-taking. Monitor the trade closely as it approaches targets.
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