Dec. 5 at 9:53 PM
Actionable Trade Alert for
$ZBRA:
Market Context:
$ZBRA is currently trading at
$263.05, showing strong momentum but is nearing overbought conditions with an RSI of 71.14. The stock is above its 30-day moving average (MA30) of
$258.78, indicating bullish sentiment, but below the 50-day moving average (MA50) of
$273.89, suggesting potential resistance.
Directional Bias: The stock is in a bullish trend but may face short-term pullbacks due to the high RSI. The 60-day high of
$325.24 provides a significant upside potential.
Trade Plan:
- Suggested Entry:
$263.05
- Stop Loss:
$250.00 (5% below entry)
- Take Profit Targets:
1.
$275.00 (4.5% gain)
2.
$290.00 (10.3% gain)
3.
$308.00 (17% gain)
This plan offers a favorable risk-reward ratio, capitalizing on the upward momentum while managing risk effectively.
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