Dec. 17 at 3:32 AM
Actionable Trade Alert for
$PNFP:
Market Context:
$PNFP is currently trading at
$99.78, showing strong momentum but is overbought as indicated by an RSI of 75.42. The stock is near its 60D high of
$102.24, suggesting potential resistance.
Directional Bias: Given the high RSI and proximity to the 60D high, a short-term pullback may occur. However, the stock is above both the 30-day (MA30=91.75) and 50-day (MA50=90.16) moving averages, indicating a bullish trend.
Trade Plan:
- Suggested Entry:
$99.78
- Stop Loss:
$97.80 (1.98 ATR below entry)
- Take Profit Targets:
1. Target 1:
$102.00 (2.22% gain)
2. Target 2:
$104.50 (4.87% gain)
3. Target 3:
$116.00 (16.34% gain)
The third target offers a potential ROI of over 17%. Monitor the price action closely for any signs of reversal.
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