Dec. 10 at 4:30 AM
Actionable Trade Alert for
$SAIC:
Market Context:
$SAIC closed at
$97.33, indicating a strong upward trend but is currently overbought with an RSI of 71.55. The 60-day high of
$104.64 presents a potential resistance level, while the low of
$84.16 establishes a solid support range.
Directional Bias: The stock is trading above its 30-day MA of
$90.35 and 50-day MA of
$93.71, signaling bullish momentum. However, the high RSI suggests caution as it may indicate a pullback is possible before further gains.
Trade Plan:
- Suggested Entry:
$97.50
- Stop Loss:
$92.00 (5.5% risk)
- Take Profit Targets:
1.
$102.00 (4.7% gain)
2.
$105.00 (7.8% gain)
3.
$114.00 (17.1% gain)
This plan allows for a favorable risk-reward ratio, aiming for a significant ROI on the third target. Monitor market conditions closely for any changes.
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