Dec. 11 at 10:55 PM
Actionable Trade Alert for
$RMD:
Market Context:
$RMD is currently trading at
$252.04, showing strength with an RSI of 59.01, indicating bullish momentum but not overbought. The stock is above its 30-day moving average (MA30) of
$249.98, suggesting a positive short-term trend, while the 50-day moving average (MA50) at
$258.05 indicates potential resistance.
Directional Bias: Given the current price is closer to the 60-day high of
$284.87 than the low of
$237.63, there is a bullish bias. The ATR of 6.6 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$252.50
- Stop Loss:
$245.00 (approx. 3% risk)
- Take Profit Targets:
1.
$260.00 (3% gain)
2.
$270.00 (7% gain)
3.
$295.00 (17% gain)
With these targets, a solid risk-reward ratio is established, aiming for over 17% ROI on the third target.
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