Dec. 19 at 4:16 PM
Actionable Trade Alert for
$RGA:
Market Context:
$RGA is currently trading at
$203.78, with a strong RSI of 71.7, indicating overbought conditions. The stock is above both the 30-day MA (192.37) and the 50-day MA (191.11), suggesting bullish momentum. However, the high RSI signals potential for a pullback.
Directional Bias: While the stock shows bullish strength, the high RSI indicates caution. The 60D high of
$207.06 presents a resistance level, while the 60D low of
$178.21 provides a support baseline.
Trade Plan:
- Suggested Entry:
$203.00
- Stop Loss:
$198.00 (approximately 2.9% risk)
- Take Profit Targets:
1.
$207.00 (Target 1: 2.5% ROI)
2.
$210.00 (Target 2: 3.1% ROI)
3.
$239.00 (Target 3: 17.3% ROI)
This plan allows for potential gains while managing risk effectively. Monitor the stock closely for any signs of reversal.
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