Dec. 6 at 1:52 AM
Actionable Trade Alert for
$ODFL:
Market Context:
$ODFL closed at
$153.51, showing strong momentum but is currently overbought with an RSI of 71.59. The stock is trading near its 60-day high of
$154.03, suggesting potential resistance at this level.
Directional Bias: The RSI indicates overbought conditions, while the 30-day MA at
$137.03 and 50-day MA at
$138.12 suggest bullish trends in the medium term. However, caution is warranted as price approaches recent highs.
Trade Plan:
- Suggested Entry:
$153.51 (current close)
- Stop Loss:
$149.00 (approx. 3% below entry)
- Take Profit Targets:
1.
$157.00 (2% gain)
2.
$160.00 (4% gain)
3.
$180.00 (17% gain)
Rationale: Target 3 aims for a significant upside, leveraging the stock's potential to break resistance and capitalize on upward momentum. Monitor RSI and price action closely.
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