Dec. 19 at 5:37 PM
Actionable Trade Alert for
$USAC:
Market Context:
$USAC is currently trading at
$23.56, with an RSI of 24.62 indicating it is oversold. The stock is below its 30-day moving average (MA30) of
$24.06 and its 50-day moving average (MA50) of
$23.53, suggesting bearish momentum. However, the proximity to the 60-day low of
$21.85 indicates potential for a rebound.
Directional Bias: Given the oversold RSI and the recent low, there is a potential for a bullish reversal. The stock has room to move upward towards its 60-day high of
$26.07.
Trade Plan:
- Suggested Entry:
$23.60
- Stop Loss:
$22.80 (approximately 3.4% below entry)
- Take Profit Targets:
1. Target 1:
$24.50 (3.8% gain)
2. Target 2:
$25.00 (6.0% gain)
3. Target 3:
$27.50 (16.4% gain)
This plan provides a potential ROI of over 17% on the third target while managing risk effectively.
https://privateprofiteers.com
