Dec. 6 at 1:30 AM
Actionable Trade Alert for
$MCO:
Market Context:
$MCO is currently trading at
$489.48, showing a neutral RSI of 48.8, indicating no strong momentum. The price is above the 30-day moving average (MA30) of 484.14 and the 50-day moving average (MA50) of 482.44, suggesting a slight bullish bias. The 60-day high of 519.54 presents a resistance level, while the 60-day low of 466.19 indicates support.
Directional Bias: The current price action indicates potential upward movement, especially with the price above both MAs. The RSI suggests that the stock is neither overbought nor oversold, allowing room for growth.
Trade Plan:
- Suggested Entry:
$490.00
- Stop Loss:
$475.00 (3% below entry)
- Take Profit Targets:
1.
$505.00 (3% gain)
2.
$520.00 (6% gain)
3.
$575.00 (17% gain)
This plan provides a favorable risk-reward ratio with a potential ROI of over 17% on the third target.
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