Dec. 25 at 3:07 PM
$WEX Trade Alert:
Market Context:
$WEX is currently trading at
$152.71, above the 30-day moving average (MA30) of
$147.97 and the 50-day moving average (MA50) of
$149.49, indicating a bullish trend. The RSI at 52.91 suggests the stock is neither overbought nor oversold, allowing for potential upward movement.
Directional Bias: The stock is showing strength as it is closer to the 60-day high of
$163.51 compared to the 60-day low of
$133.65. This range indicates room for growth, especially with the positive positioning above key moving averages.
Trade Plan:
- Suggested Entry:
$153.50
- Stop Loss:
$149.00 (3.5% below entry)
- Take Profit Targets:
1.
$158.00 (Target 1: 2.9% ROI)
2.
$162.00 (Target 2: 5.5% ROI)
3.
$179.00 (Target 3: 17.3% ROI)
This plan offers a solid risk-reward ratio, capitalizing on the current bullish momentum while maintaining a manageable stop loss.
https://privateprofiteers.com
