Dec. 15 at 6:06 AM
Actionable Trade Alert for
$VRSK:
Market Context:
$VRSK is currently trading at
$217.14, with a 60-day high of
$253.35 and a low of
$197.00. The RSI is at 37.18, indicating it is approaching oversold territory, suggesting potential upward momentum.
Directional Bias: The current price is below both the 30-day (MA30=219.12) and 50-day (MA50=226.07) moving averages, indicating a bearish trend. However, the RSI suggests a potential reversal as it nears oversold levels.
Trade Plan:
- Suggested Entry:
$217.14
- Stop Loss:
$210.00 (risking
$7.14, approx. 3.29% risk)
- Take Profit Targets:
1. Target 1:
$225.00 (3.6% gain)
2. Target 2:
$235.00 (8.2% gain)
3. Target 3:
$255.00 (17.4% gain)
This plan provides a clear risk-reward ratio with a potential 17% ROI on the third target. Monitor the price action closely for any changes in momentum.
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