Penguin Solutions (PENG, $18.91) price may drop as it broke higher Bollinger Band on May 12, 2025

#InformationTechnologyServices, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #SmallCap
PENG - Penguin Solutions Inc
Bollinger signal
Bearish Trend
70%
Odds of DOWN Trend
Price: $18.91
Daily change: +$1.3 (+7.38%)
Daily volume: 812.9K
Capitalization: $998.5M
Industry: Information Technology Services

This price move could be a signal that PENG 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 50 similar cases where PENG's price broke its higher Bollinger Band, and 35 of them led to a successful outcome. Odds of Success: 70%.