Dec. 6 at 2:43 AM
Actionable Trade Alert for
$ZION:
Market Context:
$ZION is currently experiencing bullish momentum, closing at
$55.73. The RSI at 75.16 indicates it is in overbought territory, suggesting a potential pullback. However, the stock is above both the 30-day MA (52.17) and 50-day MA (53.15), indicating a strong upward trend.
Directional Bias: The stock's recent performance, trading near its 60-day high of
$59.4, supports a bullish outlook. However, the high RSI suggests caution, as a correction may occur.
Trade Plan:
- Suggested Entry:
$55.73 (current close)
- Stop Loss:
$53.00 (below MA50 for protection)
- Take Profit Targets:
1.
$57.50 (3.2% gain)
2.
$58.50 (5.0% gain)
3.
$65.00 (16.6% gain)
The third target provides an attractive ROI of over 17%. Monitor the stock closely for signs of reversal as it approaches resistance levels.
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