Dec. 25 at 1:40 PM
Actionable Trade Alert for
$O:
Market Context: The stock closed at
$56.67, below both the 30-day moving average (MA30) of
$57.12 and the 50-day moving average (MA50) of
$57.69, indicating a bearish trend. The RSI at 40.0 suggests that the stock is approaching oversold territory, which may lead to a potential reversal.
Directional Bias: Given the current RSI and the proximity to the 60-day low of
$55.86, there is potential for a bounce back towards the 60-day high of
$60.9. This suggests a bullish bias in the short term.
Trade Plan:
- Suggested Entry:
$56.70 (slightly above the last close)
- Stop Loss:
$55.50 (below the 60-day low)
- Take Profit Targets:
1.
$58.00 (3% gain)
2.
$59.00 (4.3% gain)
3.
$66.00 (16.5% gain)
This plan offers a potential ROI of over 17% on the third target while maintaining a manageable risk.
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