Dec. 11 at 11:28 PM
Actionable Trade Alert for
$UNM:
Market Context:
$UNM closed at
$76.28, positioned between its 30-day moving average (MA30) of
$75.59 and 50-day moving average (MA50) of
$75.95, indicating a neutral trend. The RSI at 49.95 suggests a lack of momentum, but not overbought or oversold, allowing for potential upward movement.
Directional Bias: Given the proximity to the 60-day high of
$79.93, there is a bullish bias. The ATR of 1.47 indicates moderate volatility, supporting potential price movements.
Trade Plan:
- Suggested Entry:
$76.50
- Stop Loss:
$74.50 (2.63% below entry)
- Take Profit Targets:
- Target 1:
$78.00 (3.93% gain)
- Target 2:
$79.00 (6.57% gain)
- Target 3:
$89.50 (17.24% gain)
This trade plan offers a structured approach with a favorable risk-reward ratio, targeting significant returns based on current metrics.
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