Dec. 11 at 10:42 PM
Actionable Trade Alert for
$REGN:
Market Context:
$REGN is currently trading at
$736.15, positioned between its 60-day high of
$790.98 and low of
$541.00. The RSI at 49.77 indicates a neutral momentum, suggesting potential for upward movement.
Directional Bias: The stock is above the 30-day MA of 705.94 and significantly above the 50-day MA of 657.73, indicating a bullish trend. The proximity to the 60-day high suggests upward momentum may continue.
Trade Plan:
- Suggested Entry:
$740.00
- Stop Loss:
$710.00 (4% below entry)
- Take Profit Targets:
1.
$770.00 (4% gain)
2.
$800.00 (8% gain)
3.
$865.00 (17% gain)
With a stop loss at
$710.00, the risk-reward ratio is favorable, providing a potential 17% ROI at the third target. Monitor market conditions closely for adjustments.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
