Dec. 15 at 7:21 AM
Actionable Trade Alert for
$UBSI:
Market Context:
$UBSI is currently trading at
$39.18, near its 60D high of
$39.9, indicating strong upward momentum. The RSI at 69.94 suggests that the stock is approaching overbought territory, which could signal a potential pullback. However, the stock remains above its 30-day moving average (MA30) of
$37.08 and 50-day moving average (MA50) of
$36.71, reinforcing a bullish trend.
Directional Bias: The bullish bias is supported by the recent price action and the proximity to the high of the range. The high-low range of
$34.1 to
$39.9 indicates room for potential upside, despite the elevated RSI.
Trade Plan:
- Suggested Entry:
$39.20
- Stop Loss:
$37.50 (1.7% below entry)
- Take Profit Targets:
1.
$40.00 (2.0% gain)
2.
$41.00 (4.6% gain)
3.
$45.00 (14.8% gain)
With these targets, the third target provides a potential ROI of over 17%.
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