Preformed Line Products (PLPC, $141.8) price may drop as it broke higher Bollinger Band on Jan 24, 2025

#ElectricalProducts, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #SmallCap, #Russel2000
PLPC - Preformed Line Products Company
Bollinger signal
Bearish Trend
72%
Odds of DOWN Trend
Price: $141.8
Daily change: +$10.67 (+8.14%)
Daily volume: 36.2K
Capitalization: $694.5M
Industry: Electrical Products

This price move could be a signal that PLPC 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 PLPC's price broke its higher Bollinger Band, and 36 of them led to a successful outcome. Odds of Success: 72%.