Tickeron detected bearish Stock Pattern: Cup-and-Handle Inverse on March 20, 2024

A.I.dvisor
at Tickeron.com
03/25/24
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Cup-and-Handle Inverse
ALRM - Alarm.com Holdings
Emerged: 03/20/24
Confirmed: 03/22/24
Breakout: $72.88
Price: $73.57
Target price: $70.71
A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for ALRM stock. This pattern was detected on March 20, 2024 and confirmed on March 22, 2024 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.
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ALRMDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a holding company and Provides wireless and web-enabled security system technology

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Information Technology Services
Address
8281 Greensboro Drive
Phone
+1 877 389-4033
Employees
1989
Web
https://www.alarm.com