Dec. 15 at 6:28 AM
$RBRK Trade Alert:
Market Context: With the last close at
$81.53,
$RBRK is currently trading near its 60D high of
$92.77. The RSI at 68.99 indicates overbought conditions, suggesting potential for a pullback. However, the stock remains above its 30-day (MA30) and 50-day (MA50) moving averages, indicating short-term bullish momentum.
Directional Bias: The stock has shown resilience, bouncing off the MA30 at
$74.33. The proximity to the 60D high suggests potential for upward movement, but caution is warranted due to the elevated RSI.
Trade Plan:
- Suggested Entry:
$81.53
- Stop Loss:
$76.00 (approx. 6.9% risk)
- Take Profit Targets:
- Target 1:
$86.00 (approx. 5.9% gain)
- Target 2:
$90.00 (approx. 10.4% gain)
- Target 3:
$95.00 (approx. 16.5% gain)
With Target 3 providing a 16.5% ROI, this trade aligns with a strategic risk-reward profile. Monitor closely for RSI adjustments and market conditions.
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