BRSYX Stock Tickeron detected bearish Mutual Fund Pattern: Broadening Wedge Descending on June 14, 2024

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BRSYX - MFS Blended Research Small Cap Eq R6

Emerged: 06/14/24

Breakout: $14.91

Price: $15

Target price: $14.46

A.I.dvisor detected a bearish Broadening Wedge Descending pattern for BRSYX stock. This pattern was detected on June 14, 2024 . The odds of reaching the target price are 6.

The Broadening Wedge Descending pattern forms when a security price makes lower lows (1, 3, 5) and lower highs (2, 4), forming two downward sloping lines that expand over time.

Consider selling the security short or buying a put option at the downward breakout price level, which is the last low touching the bottom line.