Dec. 17 at 3:27 AM
Actionable Trade Alert for
$UGI:
Market Context:
$UGI closed at
$38.13, currently showing a neutral RSI of 44.65, indicating potential for upward movement. The stock is above its 30-day MA of 36.42 and 50-day MA of 34.97, suggesting a bullish trend. The recent high of
$39.59 indicates resistance, while the 60-day low of
$31.62 provides a solid support level.
Directional Bias: Given the current position of the stock relative to its moving averages and the RSI, we maintain a bullish outlook. The stock's proximity to the 60D high suggests upward momentum may continue.
Trade Plan:
- Suggested Entry:
$38.20
- Stop Loss:
$36.50 (approximately 4.5% below entry)
- Take Profit Targets:
- Target 1:
$39.00 (2.1% gain)
- Target 2:
$40.00 (4.7% gain)
- Target 3:
$44.75 (17.3% gain)
This plan offers a solid risk-reward ratio with a potential ROI exceeding 17% on the third target.
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