Anika Therapeutics (ANIK, $21.12) price may drop as it broke higher Bollinger Band on Nov 03, 2023

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ANIK - Anika Therapeutics
Bollinger signal
Bearish Trend
79%
Odds of DOWN Trend
Price: $21.12
Daily change: +$2.13 (+11.22%)
Daily volume: 264.5K
Industry: Medical Specialties

This price move could be a signal that ANIK may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 42 similar cases where ANIK's price broke its higher Bollinger Band, and 33 of them led to a successful outcome. Odds of Success: 79%.