Dec. 6 at 2:54 AM
Actionable Trade Alert for
$TXNM:
Market Context:
$TXNM closed at
$58.13, showing strength near its 60D high of
$58.45. The RSI of 63.93 indicates bullish momentum, but caution is warranted as it approaches overbought territory.
Directional Bias: The stock is above its 30-day MA of
$57.55 and 50-day MA of
$57.26, suggesting a bullish trend. The recent high-low range indicates potential for further upside.
Trade Plan:
- Suggested Entry:
$58.15 (slightly above the last close to confirm momentum)
- Stop Loss:
$57.50 (to limit downside risk)
- Take Profit Targets:
1.
$58.75 (1.03% gain)
2.
$59.50 (2.36% gain)
3.
$68.00 (17% gain)
Rationale: Target 3 provides a substantial ROI, capitalizing on continued bullish momentum as the stock remains above key moving averages. Monitor RSI for potential overbought signals.
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