Dec. 19 at 3:20 PM
Actionable Trade Alert for
$SYK:
Market Context:
$SYK is currently trading at
$353.11, showing weakness with an RSI of 25.59, indicating oversold conditions. The stock is below its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$361.42 and
$365.46, respectively. The 60-day high of
$392.55 and low of
$347.26 suggests a potential for a rebound.
Directional Bias: Given the oversold RSI and proximity to the 60-day low, there is a bullish bias for a short-term recovery. The ATR of 6.7 indicates moderate volatility, providing room for price movement.
Trade Plan:
- Suggested Entry:
$355.00 (slightly above the last close)
- Stop Loss:
$347.00 (below the 60D low)
- Take Profit Targets:
1.
$365.00 (1st target, approx. 2.8% gain)
2.
$375.00 (2nd target, approx. 5.6% gain)
3.
$415.00 (3rd target, approx. 17.5% gain)
This plan offers a potential ROI of over 17% on the third target.
For more insights, visit https://privateprofiteers.com.
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