Bridgford Foods (BRID, $10.72) price may drop as it broke higher Bollinger Band on Dec 12, 2024

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BRID - Bridgford Foods Corp
Bollinger signal
Bearish Trend
90%
Odds of DOWN Trend
Price: $10.72
Daily change: +$0.44 (+4.28%)
Daily volume: 3.7K
Capitalization: $97.3M
Industry: Food: Specialty/Candy

This price move could be a signal that BRID 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 34 similar cases where BRID's price broke its higher Bollinger Band, and 33 of them led to a successful outcome. Odds of Success: 90%.