Summit Materials (SUM, $37.02) price may drop as it broke higher Bollinger Band on Jul 10, 2024

#ConstructionMaterials, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap, #Russel2000
SUM - Summit Materials
Bollinger signal
Bearish Trend
70%
Odds of DOWN Trend
Price: $37.02
Daily change: +$1.37 (+3.84%)
Daily volume: 863.5K
Capitalization: $6.5B
Industry: Construction Materials

This price move could be a signal that SUM 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 44 similar cases where SUM's price broke its higher Bollinger Band, and 31 of them led to a successful outcome. Odds of Success: 70%.