Commercial Metals (CMC, $52.5) price may drop as it broke higher Bollinger Band on Feb 14, 2025

#Steel, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap, #Russel2000
CMC - Commercial Metals Company
Bollinger signal
Bearish Trend
70%
Odds of DOWN Trend
Price: $52.5
Daily change: +$1.02 (+1.98%)
Daily volume: 1.1M
Capitalization: $6B
Industry: Steel

This price move could be a signal that CMC 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 50 similar cases where CMC's price broke its higher Bollinger Band, and 35 of them led to a successful outcome. Odds of Success: 70%.