Mammoth Energy Services (TUSK, $4.08) price may drop as it broke higher Bollinger Band on Jul 23, 2024

#TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MicroCap, #Russel2000
TUSK - Mammoth Energy Services
Bollinger signal
Bearish Trend
87%
Odds of DOWN Trend
Price: $4.08
Daily change: +$0.58 (+16.57%)
Daily volume: 5.2M
Capitalization: $196.4M

This price move could be a signal that TUSK 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 46 similar cases where TUSK's price broke its higher Bollinger Band, and 40 of them led to a successful outcome. Odds of Success: 87%.