Dec. 19 at 3:18 PM
Actionable Trade Alert for
$VZ:
Market Context:
$VZ is currently trading at
$40.41, showing a neutral RSI of 43.08, indicating no immediate overbought or oversold conditions. The stock is positioned between its 60D high of
$44.09 and low of
$38.39, suggesting potential for upward movement.
Directional Bias: The 30-day moving average (MA30) at
$40.74 is slightly above the current price, while the 50-day moving average (MA50) at
$40.37 is below, indicating a potential bullish reversal as price approaches these averages.
Trade Plan:
- Suggested Entry:
$40.50
- Stop Loss:
$39.50 (2.5% below entry)
- Take Profit Targets:
1.
$42.00 (3.7% gain)
2.
$43.00 (6.1% gain)
3.
$47.00 (16.3% gain)
This trade plan aims for a minimum 17% ROI on the third target, capitalizing on the potential upward movement as it approaches the 60D high.
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