Dec. 10 at 4:57 AM
Actionable Trade Alert for
$VRDN:
Market Context:
$VRDN is currently trading at
$31.8, nearing its 60D high of
$33.34. The RSI at 68.18 indicates it is approaching overbought territory, suggesting caution. However, the price is above both the 30-day MA (28.51) and the 50-day MA (25.91), indicating a bullish trend.
Directional Bias: The bullish trend is supported by the price action above the moving averages, but the high RSI suggests potential for a pullback. The recent high-low range (60D High of
$33.34 and Low of
$17.96) provides a context for potential price movement.
Trade Plan:
- Suggested Entry:
$31.8
- Stop Loss:
$29.5 (approximately 7.5% below entry)
- Take Profit Targets:
1.
$33.0 (Target 1, 3.8% ROI)
2.
$34.0 (Target 2, 6.9% ROI)
3.
$37.2 (Target 3, 17.5% ROI)
Monitor the trade closely, especially given the high RSI. Adjust stop loss to lock in profits as targets are hit.
https://privateprofiteers.com
