Iteris (ITI, $7.19) price may drop as it broke higher Bollinger Band on Oct 14, 2024

#TelecommunicationsEquipment, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MicroCap, #Russel2000
ITI - Iteris
Bollinger signal
Bearish Trend
80%
Odds of DOWN Trend
Price: $7.19
Daily change: +$0.01 (+0.14%)
Daily volume: 178.3K
Industry: Telecommunications Equipment

This price move could be a signal that ITI 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 40 similar cases where ITI's price broke its higher Bollinger Band, and 32 of them led to a successful outcome. Odds of Success: 80%.