Dec. 19 at 3:39 PM
Actionable Trade Alert for
$PAYX:
Market Context:
$PAYX closed at
$114.24, showing strength with an RSI of 60.4, indicating bullish momentum but approaching overbought territory. The stock is currently above the 30-day moving average (MA30) of
$112.24, suggesting a positive trend, but below the 50-day moving average (MA50) of
$116.84, indicating potential resistance.
Directional Bias: The current price is within the 60-day high of
$130.32 and low of
$108.0, suggesting a bullish outlook as it trades closer to the high. The ATR of 2.05 indicates moderate volatility, allowing for reasonable price movements.
Trade Plan:
- Suggested Entry:
$114.50
- Stop Loss:
$111.00 (3.5% below entry)
- Take Profit Targets:
1.
$118.00 (3.5% gain)
2.
$122.00 (6.5% gain)
3.
$134.00 (17.2% gain)
This plan offers a solid risk-reward ratio with a potential ROI of over 17% on the third target.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
