Dec. 8 at 10:23 PM
Actionable Trade Alert for
$VZ:
Market Context:
$VZ is currently trading at
$41.21, positioned between its 60D high of
$44.41 and low of
$38.39. The RSI at 51.73 indicates a neutral stance, suggesting potential for upward movement without being overbought.
Directional Bias: The stock is above its 30-day MA of
$40.46 and 50-day MA of
$40.73, indicating a bullish trend. The ATR of 0.7 suggests moderate volatility, providing room for price movement.
Trade Plan:
- Suggested Entry:
$41.30 (slightly above the last close for confirmation)
- Stop Loss:
$39.50 (approximately 4.1% below entry)
- Take Profit Targets:
1. Target 1:
$42.50 (2.9% gain)
2. Target 2:
$43.50 (5.8% gain)
3. Target 3:
$48.25 (16.9% gain)
With this plan, achieving a 17% ROI or more is feasible with Target 3. Monitor price action closely and adjust as necessary.
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