Dec. 5 at 10:02 PM
Actionable Trade Alert for
$SWK:
Market Context:
$SWK is currently trading at
$72.21, showing strength with an RSI of 62.96, indicating bullish momentum but approaching overbought territory. The stock is above its 30-day (MA30) and 50-day (MA50) moving averages, suggesting a positive trend.
Directional Bias: The bullish sentiment is supported by the stock's position relative to the 60-day high of
$81.44 and low of
$61.90. The current price is closer to the high, indicating potential for upward movement.
Trade Plan:
- Suggested Entry:
$72.50
- Stop Loss:
$69.00 (approximately 4% below entry)
- Take Profit Targets:
1.
$75.00 (Target 1: 3.45% ROI)
2.
$78.00 (Target 2: 7.05% ROI)
3.
$84.50 (Target 3: 17% ROI)
This plan allows for a favorable risk-reward ratio with the potential for significant returns. Monitor price action closely and adjust stop loss as necessary.
For more insights, visit https://privateprofiteers.com.
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