Dec. 19 at 4:20 PM
$PR: The stock closed at
$13.77, with an RSI of 39.29 indicating it is currently in the oversold territory, suggesting potential for a bullish reversal. The 30-day moving average (MA30) is at
$14.1, while the 50-day moving average (MA50) is at
$13.43, indicating a bullish trend as the price is above the MA50 but below the MA30. The recent 60-day high of
$15.2 and low of
$11.92 provides a clear range for potential movement.
Action Plan:
- Suggested Entry:
$13.80 (slightly above last close to confirm upward momentum).
- Stop Loss:
$13.20 (to limit downside risk).
- Take Profit Targets:
1.
$14.30 (target 1, 3.9% gain)
2.
$14.80 (target 2, 7.5% gain)
3.
$16.10 (target 3, 17.0% gain)
This plan allows for a structured approach with a favorable risk-reward ratio, aiming for a potential 17% ROI at target 3.
https://privateprofiteers.com
