Dec. 6 at 2:53 AM
$MTG Actionable Trade Alert:
Market Context:
$MTG is currently trading at
$27.92, showing a neutral RSI of 44.79, indicating no immediate overbought or oversold conditions. The stock is positioned between its 60D high of
$29.01 and low of
$26.19, suggesting potential for upward movement.
Directional Bias: The stock is above the 30-day MA (27.9) and significantly above the 50-day MA (27.72), indicating a slight bullish trend. The ATR of 0.44 suggests moderate volatility, providing room for price movement.
Trade Plan:
- Suggested Entry:
$27.92
- Stop Loss:
$26.50 (approximately 5.1% below entry)
- Take Profit Targets:
1.
$28.50 (2.1% gain)
2.
$29.00 (3.9% gain)
3.
$32.50 (16.5% gain)
With a focus on the third target, achieving a 17% ROI or more, this trade plan leverages the current market conditions effectively.
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