Dec. 19 at 3:57 PM
Actionable Trade Alert for
$SSNC:
Market Context:
$SSNC is currently trading at
$87.64, showing bullish momentum as it is above both the 30-day (MA30=85.37) and 50-day (MA50=84.45) moving averages. The RSI of 59.7 indicates that the stock is approaching overbought territory, but not yet there, allowing for potential upward movement.
Directional Bias: The stock is positioned near its 60-day high of
$88.86, suggesting a bullish trend. The price is also well above the 60-day low of
$79.07, reinforcing the upward momentum.
Trade Plan:
- Suggested Entry:
$87.70
- Stop Loss:
$85.00 (2.9% below entry)
- Take Profit Targets:
- Target 1:
$89.00 (1.5% gain)
- Target 2:
$91.00 (3.9% gain)
- Target 3:
$102.00 (16.4% gain)
With a potential ROI of over 17% on Target 3, this trade offers a favorable risk-reward ratio.
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