EDRY Stock Tickeron detected bearish Stock Pattern: Cup-and-Handle Inverse EDRY on June 11, 2024, netting in a 7.08% gain over 2 weeks

A.I.dvisor
at Tickeron.com
06/15/24
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+7.08% Gain from a Successful pattern Cup-and-Handle Inverse
EDRY - EuroDry Ltd
Ticker: EDRY
Company: EuroDry
Gain from shortening: +7.08%
Confirmed: 06/11/24
Succeeded: 06/14/24
Total length: 14 days
On May 31, 2024, A.I.dvisor detected a Cup-and-Handle Inverse Pattern (Bearish) for EuroDry Ltd (EDRY, $21.74). 11 days later, on June 11, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On June 14, 2024, the stock hit the target price of $20.49 – resulting in a gain for traders who shorted the stock on the pattern detection date.
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General Information

a provider of marine and ocean-going transportation services

Industry MarineShipping

Profile
Fundamentals
Details
Industry
Marine Shipping
Address
4 Messogiou & Evropis Street
Phone
N/A
Employees
226
Web
http://www.eurodry.gr