Tickeron detected bearish Stock Pattern: Dead Cat Bounce on April 26, 2024

A.I.dvisor
at Tickeron.com
04/27/24
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Dead Cat Bounce
ELS - Equity Lifestyle Properties
Emerged: 04/26/24
Breakout: $60.52
Price: $60.75
Target price: $58.24
A.I.dvisor detected a bearish Dead Cat Bounce pattern for ELS stock. This pattern was detected on April 26, 2024 . The odds of reaching the target price are 6. The Dead Cat Bounce pattern appears when a security's price falls quickly but has a temporary “v-shaped” recovery before resuming its downward trend. Consider selling the security short or buying a put option at the downward breakout price level. When trading, wait for the confirmation move prices falling below the breakout level.
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ELSDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a real estate investment trust

Industry RealEstateInvestmentTrusts

Profile
Fundamentals
Details
Industry
Real Estate Investment Trusts
Address
Two North Riverside Plaza
Phone
+1 312 279-1400
Employees
4200
Web
https://www.equitylifestyleproperties.com