Dec. 10 at 4:21 AM
Actionable Trade Alert for
$MTH:
Market Context:
$MTH closed at
$69.75, showing strength with an RSI of 62.49, indicating bullish momentum but nearing overbought territory. The price is above the 30-day MA of
$68.93 and the 50-day MA of
$69.61, suggesting a positive trend.
Directional Bias: Given the current price is close to the 60-day high of
$80.00 and well above the 60-day low of
$63.58, the bias remains bullish. The ATR of 2.11 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$70.00 (breakout above current close)
- Stop Loss:
$67.50 (below recent support)
- Take Profit Targets:
1.
$73.00 (4.29% gain)
2.
$76.00 (8.99% gain)
3.
$81.00 (16.36% gain)
This plan provides a potential ROI of over 17% on the third target while maintaining a manageable risk.
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