Bally's (BALY, $17.14) price may drop as it broke higher Bollinger Band on Aug 29, 2024

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BALY - Bally's Corp
Bollinger signal
Bearish Trend
79%
Odds of DOWN Trend
Price: $17.14
Daily change: +$0.07 (+0.41%)
Daily volume: 242.3K
Capitalization: $696.4M
Industry: Casinos/Gaming

This price move could be a signal that BALY 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 39 similar cases where BALY's price broke its higher Bollinger Band, and 31 of them led to a successful outcome. Odds of Success: 79%.