Dec. 17 at 3:02 AM
Actionable Trade Alert for
$WCC:
Market Context:
$WCC is currently trading at
$258.42, showing a neutral RSI of 53.26, indicating no immediate overbought or oversold conditions. The stock is positioned between its 60D high of
$279.04 and low of
$203.40, suggesting potential for upward movement.
Directional Bias: The 30-day moving average (MA30) at
$261.08 is above the current price, while the 50-day moving average (MA50) at
$245.71 is below, indicating a bullish trend could be forming. The ATR of 8.28 suggests moderate volatility, allowing for reasonable price movements.
Trade Plan:
- Suggested Entry:
$258.50
- Stop Loss:
$245.00 (5.2% risk)
- Take Profit Targets:
1.
$265.00 (2.5% gain)
2.
$275.00 (6.4% gain)
3.
$303.00 (17.3% gain)
This plan offers a solid risk-reward ratio with a potential ROI of over 17% on the third target. Monitor price action closely for adjustments.
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