Dec. 19 at 3:34 PM
Actionable Trade Alert for
$ZTS:
Market Context:
$ZTS is currently trading at
$122.76, showing a bearish sentiment with an RSI of 37.8, indicating potential oversold conditions. The stock is below its 30-day moving average (MA30) of
$121.08, suggesting a downward trend, but it is above the 60-day low of
$115.25, indicating some support.
Directional Bias: The stock has room to move upward towards its 60-day high of
$148.79. Given the current RSI and proximity to the MA30, a bullish reversal is possible.
Trade Plan:
- Suggested Entry:
$123.00
- Stop Loss:
$120.00 (3% risk)
- Take Profit Targets:
1.
$130.00 (5.7% gain)
2.
$138.00 (12.1% gain)
3.
$144.00 (17.3% gain)
This trade plan offers a potential ROI of over 17% at the third target while maintaining a reasonable risk-reward ratio.
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