Dec. 11 at 11:49 PM
$PRI: Current market context shows a bearish sentiment with the last close at
$254.82, below both the 30-day MA of
$256.38 and the 50-day MA of
$260.85. The RSI at 37.22 indicates that the stock is nearing oversold conditions, suggesting a potential reversal. The 60-day high of
$288.03 and low of
$246.41 establishes a range, with current price closer to the low, indicating room for upward movement.
Actionable Trade Plan:
- Suggested Entry:
$255.00
- Stop Loss:
$248.00 (approximately 2.8% risk)
- Take Profit Targets:
1.
$265.00 (Target 1, ~3.9% ROI)
2.
$275.00 (Target 2, ~7.9% ROI)
3.
$298.00 (Target 3, ~16.9% ROI)
With the ATR at 4.68, the targets are achievable within a reasonable timeframe. Maintain caution and monitor RSI for potential bullish divergence.
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