Dec. 15 at 7:52 AM
Actionable Trade Alert for
$SPSC
Market Context:
$SPSC is currently trading at
$86.23, showing a strong upward momentum but is also in overbought territory with an RSI of 71.55. The stock is above its 30-day moving average (MA30) of
$82.21 but below the 50-day moving average (MA50) of
$92.8, indicating mixed signals.
Directional Bias: The strong RSI suggests potential for a pullback, but the recent close above MA30 indicates bullish sentiment. The 60-day high of
$114.87 offers a potential resistance level.
Trade Plan:
- Suggested Entry:
$86.50 (slightly above the last close to confirm bullish momentum)
- Stop Loss:
$84.00 (to manage risk, just below the MA30)
- Take Profit Targets:
- Target 1:
$92.00 (6.5% gain)
- Target 2:
$100.00 (15.8% gain)
- Target 3:
$101.00 (17.2% gain)
This plan allows for a structured approach with clear exit points while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
