Ribbon Communications (RBBN, $5) price may drop as it broke higher Bollinger Band on Feb 13, 2025

#WirelessTelecommunications, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #SmallCap, #Russel2000
RBBN - Ribbon Communications
Bollinger signal
Bearish Trend
83%
Odds of DOWN Trend
Price: $5
Daily change: +$0.67 (+15.47%)
Daily volume: 3.7M
Capitalization: $876.9M
Industry: Wireless Telecommunications

This price move could be a signal that RBBN 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 48 similar cases where RBBN's price broke its higher Bollinger Band, and 40 of them led to a successful outcome. Odds of Success: 83%.