Dec. 12 at 12:13 AM
Actionable Trade Alert for
$UFPI:
Market Context:
$UFPI is currently showing bullish momentum, closing at
$92.3. The RSI of 58.09 indicates that the stock is not overbought, allowing room for further upside. The price is above both the 30-day MA (91.16) and the 50-day MA (91.25), reinforcing a positive directional bias.
Trade Plan:
- Suggested Entry:
$92.5 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$90.5 (below the recent support level)
- Take Profit Targets:
1. Target 1:
$95.0 (3.3% gain)
2. Target 2:
$97.5 (5.7% gain)
3. Target 3:
$108.0 (17% gain)
Rationale: The targets are set considering the 60D high of
$99.1 and the potential for a breakout above this level, aiming for a significant ROI on Target 3. The ATR of 2.38 supports the volatility needed to reach these targets.
Monitor closely and adjust as needed.
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