Dec. 10 at 4:39 AM
Actionable Trade Alert for
$NHI:
Market Context:
$NHI is currently trading at
$78.37, positioned between its 60D high of
$80.56 and low of
$71.5. The RSI at 50.57 indicates a neutral momentum, suggesting potential for upward movement if buying pressure increases.
Directional Bias: The price is above the 30-day MA (77.27) and 50-day MA (76.61), indicating a bullish trend. The proximity to the 60D high supports a positive outlook, while the ATR of 1.33 suggests moderate volatility, allowing for reasonable movement.
Trade Plan:
- Suggested Entry:
$78.50 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$76.50 (below the 50-day MA for risk management)
- Take Profit Targets:
1.
$80.00 (approx. 1.9% gain)
2.
$81.50 (approx. 4.5% gain)
3.
$91.75 (approx. 17% gain)
This trade plan allows for a favorable risk-reward ratio while targeting significant upside potential.
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