Dec. 9 at 12:17 AM
Actionable Trade Alert for
$MRCY:
Market Context:
$MRCY is currently trading at
$71.27, showing strength but facing resistance near the 30-day moving average (MA30) of
$72.04 and the 50-day moving average (MA50) of
$74.82. The recent RSI of 59.66 indicates bullish momentum, yet it is approaching overbought territory.
Directional Bias: The stock is in a consolidation phase, with a 60-day high of
$85.33 and a low of
$65.04. The proximity to the MA30 suggests potential upward movement, while the ATR of 2.45 indicates moderate volatility.
Trade Plan:
- Suggested Entry:
$71.50
- Stop Loss:
$68.50 (3% below entry)
- Take Profit Targets:
1.
$75.00 (Target 1, 5% ROI)
2.
$80.00 (Target 2, 12% ROI)
3.
$83.50 (Target 3, 17% ROI)
This plan allows for a strategic entry with defined risk and multiple exit points to maximize profit potential.
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