Dec. 15 at 5:50 AM
Actionable Trade Alert for
$NSC:
Market Context:
$NSC is currently trading at
$296.98, near its 60D high of
$302.24, indicating bullish momentum. The RSI at 66.11 suggests that the stock is approaching overbought territory but still has room for further gains.
Directional Bias: The stock is above its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$287.42 and
$288.06, respectively. This positioning supports a bullish outlook. The price is also significantly higher than the 60D low of
$278.41, reinforcing a positive trend.
Trade Plan:
- Suggested Entry:
$297.50
- Stop Loss:
$292.00 (approx. 1.7% risk)
- Take Profit Targets:
1.
$304.00 (Target 1: 2.5% gain)
2.
$310.00 (Target 2: 4.1% gain)
3.
$347.50 (Target 3: 17% gain)
This plan provides a solid risk-reward ratio while capitalizing on the current bullish momentum.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
