Dec. 19 at 5:23 PM
Actionable Trade Alert for
$PVH:
Market Context:
$PVH is currently trading at
$71.03, significantly below its 60D high of
$89.00, indicating potential for upward movement. The RSI at 26.35 suggests the stock is oversold, which could lead to a rebound. The 30-day moving average (MA30) at
$77.50 and the 50-day moving average (MA50) at
$79.04 further reinforce the potential for a price correction upwards.
Directional Bias: The oversold RSI and proximity to the 60D low of
$70.71 indicate a bullish bias in the short term, as the stock may be poised for a recovery.
Trade Plan:
- Suggested Entry:
$71.50 (slightly above the last close)
- Stop Loss:
$69.00 (below the 60D low)
- Take Profit Targets:
1.
$75.00 (4.5% ROI)
2.
$78.00 (9.8% ROI)
3.
$83.00 (17% ROI)
This trade plan capitalizes on the potential rebound from oversold conditions and the proximity to key moving averages.
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