Silk Road Medical (SILK, $27.5) price may drop as it broke higher Bollinger Band on Sep 13, 2024

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SILK - Silk Road Medical
Bollinger signal
Bearish Trend
72%
Odds of DOWN Trend
Price: $27.5
Daily change: +$0.22 (+0.81%)
Daily volume: 5.8M
Capitalization: $1.1B
Industry: Medical Specialties

This price move could be a signal that SILK 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 46 similar cases where SILK's price broke its higher Bollinger Band, and 33 of them led to a successful outcome. Odds of Success: 72%.