Insteel Industries (IIIN, $31.45) price may drop as it broke higher Bollinger Band on Feb 11, 2025

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IIIN - Insteel Industries
Bollinger signal
Bearish Trend
77%
Odds of DOWN Trend
Price: $31.45
Daily change: +$2.94 (+10.31%)
Daily volume: 290.8K
Capitalization: $611.1M
Industry: Metal Fabrication

This price move could be a signal that IIIN 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 IIIN's price broke its higher Bollinger Band, and 36 of them led to a successful outcome. Odds of Success: 77%.