Friedman Industries (FRD, $16.79) price may drop as it broke higher Bollinger Band on Apr 16, 2025

#Steel, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MicroCap
FRD - Friedman Industries Inc
Bollinger signal
Bearish Trend
73%
Odds of DOWN Trend
Price: $16.79
Daily change: +$0.7 (+4.35%)
Daily volume: 21.9K
Capitalization: $117M
Industry: Steel

This price move could be a signal that FRD 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 52 similar cases where FRD's price broke its higher Bollinger Band, and 38 of them led to a successful outcome. Odds of Success: 73%.