Dec. 8 at 10:58 PM
Actionable Trade Alert for
$VRSN:
Market Context:
$VRSN is currently trading at
$250.27, with a neutral RSI of 50.13 indicating no immediate overbought or oversold conditions. The stock is positioned between its 60D high of
$290.8 and low of
$225.41, providing a significant range for potential movement.
Directional Bias: The price is above the 30-day moving average (MA30) of
$247.19 but below the 50-day moving average (MA50) of
$254.74. This suggests a potential bullish reversal if the price can break above the MA50, supported by the neutral RSI.
Trade Plan:
- Suggested Entry:
$252.00 (break above MA50)
- Stop Loss:
$245.00 (below MA30)
- Take Profit Targets:
1.
$260.00 (3.1% ROI)
2.
$270.00 (7.1% ROI)
3.
$293.00 (17.0% ROI)
This plan aims for a minimum of 17% ROI on the third target while maintaining a manageable risk-reward ratio.
For more insights, visit https://privateprofiteers.com.
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