Dec. 12 at 12:46 AM
Actionable Trade Alert for
$VERX:
Market Context:
$VERX closed at
$20.09, showing a moderate bullish sentiment with an RSI of 56.95, indicating potential for upward momentum. The stock is currently trading above its 30-day moving average (MA30) of
$19.94, suggesting a positive short-term trend. However, it is below the 50-day moving average (MA50) of
$21.97, indicating some resistance ahead.
Directional Bias: The price is within the 60-day high of
$26.54 and low of
$18.54, providing a range for potential movement. The ATR of 0.57 suggests moderate volatility.
Trade Plan:
- Suggested Entry:
$20.10
- Stop Loss:
$19.50 (3% below entry)
- Take Profit Targets:
1. Target 1:
$21.00 (4.5% gain)
2. Target 2:
$22.50 (11.7% gain)
3. Target 3:
$23.50 (17.9% gain)
This plan offers a clear path to capitalize on potential upside while managing risk effectively.
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