Dec. 6 at 2:34 AM
Actionable Trade Alert for
$RRC:
Market Context:
$RRC is currently trading at
$39.68, showing strength with an RSI of 59.81, indicating upward momentum but approaching overbought territory. The stock is above its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$37.83 and
$37.72, respectively, suggesting bullish sentiment.
Directional Bias: The recent price action is positive, as
$RRC is near its 60-day high of
$40.54. The distance from the 60-day low of
$33.97 also indicates a solid upward trend.
Trade Plan:
- Suggested Entry:
$39.70
- Stop Loss:
$37.50 (approximately 5.5% below entry)
- Take Profit Targets:
1. Target 1:
$41.00 (3.3% gain)
2. Target 2:
$42.50 (4.5% gain)
3. Target 3:
$46.50 (17.3% gain)
This plan provides a favorable risk-reward ratio with potential for significant upside. Monitor the trade closely for any changes in market conditions.
https://privateprofiteers.com
