Manitex International (MNTX, $5.79) price may drop as it broke higher Bollinger Band on Dec 23, 2024

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MNTX - Manitex International
Bollinger signal
Bearish Trend
86%
Odds of DOWN Trend
Price: $5.79
Daily change: +$0.07 (+1.22%)
Daily volume: 305.3K
Capitalization: $118.1M
Industry: Trucks/Construction/Farm Machinery

This price move could be a signal that MNTX 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 42 similar cases where MNTX's price broke its higher Bollinger Band, and 36 of them led to a successful outcome. Odds of Success: 86%.