Dec. 17 at 3:51 AM
Actionable Trade Alert for
$RDN:
Market Context:
$RDN is currently trading at
$36.18, showing bullish momentum with an RSI of 59.63, indicating strength without being overbought. The stock is above both the 30-day MA (35.12) and the 50-day MA (34.58), suggesting a positive trend. The 60-day high of
$37.23 provides a potential resistance level.
Directional Bias: The bullish sentiment is supported by the RSI and the stock's position above key moving averages. The current price is also near the 60-day high, indicating a breakout potential.
Trade Plan:
- Suggested Entry:
$36.25 (slightly above the last close to confirm upward movement)
- Stop Loss:
$35.50 (to limit downside risk)
- Take Profit Targets:
1.
$37.00 (approximately 2.1% ROI)
2.
$37.50 (approximately 3.4% ROI)
3.
$42.50 (approximately 17.5% ROI)
This plan allows for a solid risk-reward ratio while targeting significant upside potential.
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