AMPH Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top on June 03, 2024

A.I.dvisor
at Tickeron.com
06/05/24
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Head-and-Shoulders Top
AMPH - Amphastar Pharmaceuticals
Emerged: 06/03/24
Breakout: $41.47
Price: $42.22
Target price: $39.46
A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for AMPH stock. This pattern was detected on June 03, 2024 . The odds of reaching the target price are 6. The pattern forms with a center peak (the Head, labeled 3) and left and right Shoulders (1, 5). Eventually the security stops testing highs and reverses trend into a decline. Consider selling a security short before it declines or buying a put option to benefit from the price decline. To improve success chances, wait for a confirmation move: allow the price to break below the Neckline level (2, 4), which is calculated as the average of the two lows between the Head and the Shoulders.
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General Information

a manufacturer of proprietary injectable and inhalation products

Industry PharmaceuticalsOther

Profile
Fundamentals
Details
Industry
Pharmaceuticals Other
Address
11570 6th Street
Phone
+1 909 980-9484
Employees
1761
Web
https://www.amphastar.com