Dec. 6 at 2:41 AM
Actionable Trade Alert for
$VMI:
Market Context:
$VMI is currently trading at
$413.84, exhibiting a bullish sentiment as indicated by an RSI of 59.6, which suggests momentum is building but is not yet overbought. The stock is above both the 30-day MA of
$406.09 and the 50-day MA of
$402.47, reinforcing a positive trend.
Directional Bias: The recent high of
$427.81 indicates potential upside, while the 60-day low of
$361.5 provides a solid support level. The ATR of 12.34 suggests volatility, allowing for a wider stop loss.
Trade Plan:
- Suggested Entry:
$414.00
- Stop Loss:
$400.00 (3.4% risk)
- Take Profit Targets:
1.
$425.00 (2.7% gain)
2.
$435.00 (5.1% gain)
3.
$485.00 (17.3% gain)
With these targets, the trade provides a favorable risk-reward ratio, aiming for significant returns while maintaining manageable risk.
For more insights, visit https://privateprofiteers.com.
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