Dec. 19 at 5:41 PM
Actionable Trade Alert for
$LXP:
Market Context:
$LXP is currently trading at
$50.13, showing strong momentum as it approaches the 60D high of
$52.52. The RSI at 67.76 indicates overbought conditions, suggesting caution, but the price remains above key moving averages (MA30 at 48.08 and MA50 at 47.68), indicating bullish sentiment.
Directional Bias: The price is trending upwards, supported by the moving averages. However, the RSI suggests a potential pullback could occur soon, so timing is crucial.
Trade Plan:
- Suggested Entry:
$50.13
- Stop Loss:
$48.00 (approximately 4.25% below entry)
- Take Profit Targets:
1.
$52.00 (Target 1 - 3.7% gain)
2.
$53.00 (Target 2 - 5.7% gain)
3.
$58.75 (Target 3 - 17.1% gain)
This plan allows for a solid risk-reward ratio, with the potential for a significant return on the third target. Monitor the price action closely for adjustments.
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