Dec. 12 at 12:51 AM
Actionable Trade Alert for
$LRN:
Market Context:
$LRN is currently trading at
$63.51, below both the 30-day moving average (MA30) of
$65.19 and the 50-day moving average (MA50) of
$96.27, indicating bearish sentiment. The RSI at 39.97 suggests that the stock is nearing oversold conditions, presenting a potential reversal opportunity.
Directional Bias: The current price is closer to the 60-day low of
$60.61, indicating a possible bounce back. However, the overall trend remains bearish due to the position relative to moving averages.
Trade Plan:
- Suggested Entry:
$63.51
- Stop Loss:
$60.00 (3.97% below entry)
- Take Profit Targets:
- Target 1:
$70.00 (10.4% ROI)
- Target 2:
$75.00 (17.9% ROI)
- Target 3:
$74.50 (17.3% ROI)
With a strategic entry and defined targets, this trade offers a solid risk-reward ratio. Monitor the stock closely for any signs of reversal or increased volatility.
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