Patterson-UTI Energy (PTEN, $5.93) price may drop as it broke higher Bollinger Band on Jun 09, 2025

#ContractDrilling, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap, #Russel2000
PTEN - Patterson-UTI Energy
Bollinger signal
Bearish Trend
87%
Odds of DOWN Trend
Price: $5.93
Daily change: +$0.13 (+2.24%)
Daily volume: 9.6M
Capitalization: $2.3B
Industry: Contract Drilling

This price move could be a signal that PTEN 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 PTEN's price broke its higher Bollinger Band, and 41 of them led to a successful outcome. Odds of Success: 87%.