Dec. 6 at 3:17 AM
$MUR Actionable Trade Alert:
Market Context: Currently,
$MUR is trading at
$32.5, showing strength as it approaches the 60D high of
$33.15. The RSI of 68.88 indicates that the stock is nearing overbought territory, suggesting caution but also potential for upward momentum.
Directional Bias: The stock is above both the 30-day MA of
$29.65 and the 50-day MA of
$29.3, indicating a bullish trend. The recent price action suggests that
$MUR may continue to push higher, especially with the 60D high in sight.
Trade Plan:
- Suggested Entry:
$32.5
- Stop Loss:
$30.5 (1.5 ATR below the entry)
- Take Profit Targets:
- Target 1:
$33.0 (1.5% gain)
- Target 2:
$34.0 (4.6% gain)
- Target 3:
$38.0 (16.9% gain)
With a well-placed stop loss and three targets, this trade offers a potential ROI of over 17% on the third target. Monitor closely for any signs of reversal.
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