Dec. 6 at 2:36 AM
Actionable Trade Alert for
$RRX:
Market Context:
$RRX is currently trading at
$141.44, showing a stable position within its recent range. The RSI at 54.49 indicates a neutral momentum, suggesting potential for upward movement. The stock is above the 30-day MA of 139.65 and close to the 50-day MA of 141.28, indicating bullish sentiment.
Directional Bias: The proximity to the 60-day high of 153.68 suggests upward potential, while the 60-day low of 127.96 provides a clear risk boundary. The ATR of 6.03 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$141.50
- Stop Loss:
$136.50 (3% below entry)
- Take Profit Targets:
1.
$145.50 (3% gain)
2.
$149.00 (5% gain)
3.
$165.00 (16.67% gain)
This plan offers a potential ROI of over 17% on the third target, making it an attractive trade.
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