Codexis (CDXS, $3.07) price may drop as it broke higher Bollinger Band on Mar 24, 2025

#Biotechnology, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MicroCap, #Russel2000
CDXS - Codexis
Bollinger signal
Bearish Trend
83%
Odds of DOWN Trend
Price: $3.07
Daily change: +$0.52 (+20.39%)
Daily volume: 2M
Industry: Biotechnology

This price move could be a signal that CDXS 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 47 similar cases where CDXS's price broke its higher Bollinger Band, and 39 of them led to a successful outcome. Odds of Success: 83%.