Dec. 19 at 4:58 PM
Actionable Trade Alert for
$URBN:
Market Context:
$URBN closed at
$82.06, showing strength with an RSI of 60.2, indicating bullish momentum but not overbought. The stock is above both the 30-day (70.65) and 50-day (69.26) moving averages, suggesting a positive trend.
Directional Bias: The upward momentum is reinforced by the current price being close to the 60-day high of
$83.94, indicating potential for further gains. The price is well above the 60-day low of
$59.54, confirming a bullish outlook.
Trade Plan:
- Suggested Entry:
$82.10 (slightly above the last close)
- Stop Loss:
$78.93 (below the recent price action, approximately 4% risk)
- Take Profit Targets:
1.
$85.00 (3.5% gain)
2.
$87.50 (6.5% gain)
3.
$96.00 (17% gain)
This plan provides a solid risk-reward ratio, with the potential for a 17% ROI on the third target.
For more insights, visit https://privateprofiteers.com.
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