Dec. 15 at 6:26 AM
Actionable Trade Alert for
$MTZ:
Market Context:
$MTZ is currently trading at
$221.01, with an RSI of 75.09, indicating overbought conditions. The stock is above its 30-day MA of
$206.29 and 50-day MA of
$207.25, suggesting bullish momentum. However, the high RSI signals caution for potential pullbacks.
Directional Bias: Given the current price is near the 60-day high of
$233.14, the upward trend remains intact, but the overbought RSI may lead to short-term corrections.
Trade Plan:
- Suggested Entry:
$221.01
- Stop Loss:
$213.40 (approx. 3.5% below entry)
- Take Profit Targets:
1.
$227.50 (3% ROI)
2.
$233.00 (5.4% ROI)
3.
$259.00 (17.2% ROI)
Rationale: The targets are set based on resistance levels and the potential for a breakout beyond the 60-day high. Monitor RSI for signs of reversal, and adjust targets accordingly.
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