Dec. 25 at 1:58 PM
Actionable Trade Alert for
$ULTA:
Market Context: The stock is currently trading at
$608.52, showing strong momentum but with an RSI of 72.32, indicating it is overbought. The 60D high is
$616.34, suggesting potential resistance, while the 60D low is
$493.00, providing a clear range.
Directional Bias: The stock has been trending upwards, supported by MA30 at
$559.4 and MA50 at
$544.05. However, the high RSI indicates a possible pullback, so caution is warranted.
Trade Plan:
- Suggested Entry:
$605.00 (slightly below current price to ensure entry)
- Stop Loss:
$588.00 (below MA30 to limit risk)
- Take Profit Targets:
1.
$620.00 (2.5% gain)
2.
$635.00 (4.4% gain)
3.
$715.00 (17.5% gain)
This plan allows for a strategic entry while managing risk and targeting significant returns.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
