DGICB Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Descending DGICB on May 07, 2024, netting in a 11.87% gain over 1 month

A.I.dvisor
at Tickeron.com
06/05/24
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+11.87% Gain from a Successful pattern Broadening Wedge Descending
DGICB - Donegal Group
Ticker: DGICB
Company: Donegal Group
Gain from shortening: +11.87%
Confirmed: 05/07/24
Succeeded: 06/04/24
Total length: 43 days
On April 22, 2024, A.I.dvisor detected a Broadening Wedge Descending Pattern (Bearish) for Donegal Group (DGICB, $12.67). 15 days later, on May 07, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On June 04, 2024, the stock hit the target price of $11.18 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.
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General Information

an insurance holding company

Industry PropertyCasualtyInsurance

Profile
Fundamentals
Details
Industry
Multi Line Insurance
Address
1195 River Road
Phone
+1 800 877-0600
Employees
872
Web
https://www.donegalgroup.com