Dec. 11 at 11:42 PM
Actionable Trade Alert for
$UHAL:
Market Context:
$UHAL closed at
$54.83, showing strong upward momentum but currently overbought with an RSI of 73.87. This indicates potential for a pullback, given the high RSI level. The stock is trading above its 30-day MA (52.15) and 50-day MA (53.53), suggesting bullish sentiment, but caution is warranted due to the overbought condition.
Directional Bias: Bullish, but with short-term caution due to the RSI. The 60-day high of
$58.36 provides a resistance level, while the 60-day low of
$48.48 gives a clear support range.
Trade Plan:
- Suggested Entry:
$54.50 (slightly below current close to capture potential pullback)
- Stop Loss:
$52.00 (to limit downside risk)
- Take Profit Targets:
1.
$56.00 (4% gain)
2.
$57.50 (5.5% gain)
3.
$64.00 (16.7% gain)
Target 3 offers a 17% ROI, aligning with the potential upside based on the recent high. Monitor RSI for signs of reversal before entry.
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