Dec. 17 at 4:22 AM
Actionable Trade Alert for
$YETI:
Market Context:
$YETI is currently trading at
$42.99, showing strength as it approaches the 60D high of
$46.28. The RSI of 59.24 indicates bullish momentum, suggesting the stock is not yet overbought. The moving averages (MA30 at 39.8 and MA50 at 37.54) indicate a positive trend, with the price above both, confirming upward momentum.
Directional Bias: Bullish. The stock is trading above key moving averages, and the RSI supports further upside potential. The recent price action is within a healthy range, considering the 60D high and low.
Trade Plan:
- Suggested Entry:
$43.10 (slightly above the last close)
- Stop Loss:
$40.50 (below MA30 for protection)
- Take Profit Targets:
1.
$45.00 (approx. 4.4% gain)
2.
$46.00 (approx. 6.4% gain)
3.
$50.50 (approx. 17.5% gain)
This strategy allows for a solid risk-reward ratio while targeting a minimum of 17% ROI on the third target.
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