Fidelity MSCI Communication ServicesETF (FCOM, $61.18) price may drop as it broke higher Bollinger Band on Jun 04, 2025

@Communications, #TechnicalAnalysis, #Bollinger, #Bearish, #ETFs
FCOM - Fidelity MSCI Communication ServicesETF
Bollinger signal
Bearish Trend
82%
Odds of DOWN Trend
Price: $61.18
Daily change: +$0.66 (+1.09%)
Daily volume: 97K
Net Assets: $1.5B

This price move could be a signal that FCOM 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 38 similar cases where FCOM's price broke its higher Bollinger Band, and 31 of them led to a successful outcome. Odds of Success: 82%.