Dec. 6 at 1:25 AM
Actionable Trade Alert for
$SPGI:
Market Context:
$SPGI is currently trading at
$496.99, with an RSI of 44.24 indicating a neutral momentum. The stock is positioned between its 60D high of
$552.17 and low of
$470.00, suggesting potential for upward movement towards resistance levels.
Directional Bias: The stock's price is above the 30-day moving average (MA30) of
$493.14 and the 50-day moving average (MA50) of
$488.67, indicating a bullish trend. However, the RSI below 50 suggests caution. The ATR of 7.07 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$498.00
- Stop Loss:
$485.00 (2.7% risk)
- Take Profit Targets:
1.
$520.00 (4.4% gain)
2.
$540.00 (8.6% gain)
3.
$580.00 (16.7% gain)
With a target of
$580.00, the potential ROI exceeds 17%. Monitor market conditions closely and adjust as necessary.
For more insights, visit https://privateprofiteers.com.
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