Fennec Pharmaceuticals (FENC, $5.65) price may drop as it broke higher Bollinger Band on Apr 23, 2025

#Biotechnology, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MicroCap
FENC - Fennec Pharmaceuticals
Bollinger signal
Bearish Trend
80%
Odds of DOWN Trend
Price: $5.65
Daily change: +$0.21 (+3.86%)
Daily volume: 40K
Capitalization: $141.2M
Industry: Biotechnology

This price move could be a signal that FENC 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 51 similar cases where FENC's price broke its higher Bollinger Band, and 41 of them led to a successful outcome. Odds of Success: 80%.