Dec. 17 at 2:55 AM
Actionable Trade Alert for
$NBIX:
Market Context:
$NBIX is currently trading at
$148.74, exhibiting bullish momentum. The RSI at 64.45 indicates that the stock is approaching overbought territory but still has room for upward movement. The 30-day moving average (MA30) at
$148.57 supports a bullish outlook, as the price is above this level. The stock is also well above the 50-day MA at
$145.33, indicating strong short-term strength.
Directional Bias: Given the current price relative to the MAs and the recent high of
$160.18, there is potential for further gains. The price is within the range of the 60-day high and low, suggesting a bullish bias.
Trade Plan:
- Suggested Entry:
$149.00
- Stop Loss:
$144.00 (approx. 3.5% risk)
- Take Profit Targets:
1.
$155.00 (Target 1: 4.03% ROI)
2.
$160.00 (Target 2: 7.54% ROI)
3.
$174.00 (Target 3: 16.93% ROI)
This plan offers a potential ROI of over 17% on the third target while maintaining a manageable risk.
For more insights, visit https://privateprofiteers.com.
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