Dec. 8 at 11:25 PM
$PR: The stock closed at
$14.9, showing strong momentum with an RSI of 77.73, indicating overbought conditions. The 30-day moving average (MA30) is at
$13.57, and the 50-day moving average (MA50) is at
$13.16, suggesting bullish sentiment as the price is above both MAs. The recent high of
$15.2 and low of
$11.92 over the last 60 days further supports upward potential.
Actionable Trade Alert:
- Suggested Entry:
$14.90
- Stop Loss:
$14.30 (4% below entry)
- Take Profit Targets:
- Target 1:
$15.20 (2% gain)
- Target 2:
$16.00 (7.4% gain)
- Target 3:
$17.50 (17.7% gain)
With the current price action and market context, a bullish bias is warranted. Monitor the stock closely, as the RSI indicates potential for a pullback. Execute trades with discipline.
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