Dec. 25 at 1:31 PM
Actionable Trade Alert for
$NOC:
Market Context:
$NOC is currently trading at
$582.35, showing strong momentum but is approaching overbought territory with an RSI of 67.26. The price is above the 30-day MA of
$563.29 and the 50-day MA of
$572.83, indicating bullish sentiment. The recent 60-day high of
$640.9 suggests potential upside, while the low of
$543.66 provides a solid support level.
Directional Bias: The bullish trend is supported by the price being above key moving averages, but caution is warranted due to the RSI nearing overbought levels.
Trade Plan:
- Suggested Entry:
$582.35
- Stop Loss:
$570.00 (2.1% below entry)
- Take Profit Targets:
1.
$600.00 (3.0% gain)
2.
$620.00 (6.5% gain)
3.
$680.00 (16.8% gain)
This plan provides a favorable risk-reward ratio, aiming for over 17% ROI on the third target.
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