Advanced Energy Industries (AEIS, $122.72) price may drop as it broke higher Bollinger Band on Dec 16, 2024

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AEIS - Advanced Energy Industries
Bollinger signal
Bearish Trend
65%
Odds of DOWN Trend
Price: $122.72
Daily change: +$5.5 (+4.69%)
Daily volume: 352K
Capitalization: $4.6B
Industry: Electrical Products

This price move could be a signal that AEIS 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 49 similar cases where AEIS's price broke its higher Bollinger Band, and 32 of them led to a successful outcome. Odds of Success: 65%.