Dec. 10 at 4:29 AM
Actionable Trade Alert for
$MDU:
Market Context:
$MDU is currently trading at
$19.41, showing a potential for upward movement given the recent RSI of 34.74, indicating it is nearing oversold territory. The stock is below its 30-day moving average (MA30) of
$20.27 and 50-day moving average (MA50) of
$19.69, suggesting a bearish trend but potential for a reversal.
Directional Bias: With the current price near the 60-day low of
$15.76 and a significant distance from the 60-day high of
$21.49, there is room for recovery. The ATR of 0.41 indicates relatively low volatility, which can provide a stable entry point.
Trade Plan:
- Suggested Entry:
$19.41
- Stop Loss:
$18.50 (approximately 4.7% risk)
- Take Profit Targets:
- Target 1:
$20.00 (3.0% gain)
- Target 2:
$21.00 (8.1% gain)
- Target 3:
$22.75 (17.4% gain)
This plan offers a favorable risk-reward ratio while aiming for a minimum of 17% ROI on the third target.
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