DVN Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Ascending DVN on July 23, 2024, netting in a 4.87% gain over 1 week

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07/26/24

+4.87% Gain from a Successful pattern Broadening Wedge Ascending

DVN - Devon Energy Corp

Ticker: DVN

Company: Devon Energy

Gain from shortening: +4.87%

Confirmed: 07/23/24

Succeeded: 07/25/24

Total length: 8 days

On July 17, 2024, A.I.dvisor detected a Broadening Wedge Ascending Pattern (Bearish) for Devon Energy Corp (DVN, $48.65). 6 days later, on July 23, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On July 25, 2024, the stock hit the target price of $45.55 – resulting in a gain for traders who shorted the stock on the pattern detection date.

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