ERIE Stock Tickeron detected bearish Stock Pattern: Cup-and-Handle Inverse ERIE on May 28, 2024, netting in a 4.62% gain over 3 weeks

A.I.dvisor
at Tickeron.com
05/30/24
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+4.62% Gain from a Successful pattern Cup-and-Handle Inverse
ERIE - Erie Indemnity Company
Ticker: ERIE
Company: Erie Indemnity
Gain from shortening: +4.62%
Confirmed: 05/28/24
Succeeded: 05/29/24
Total length: 27 days
On May 02, 2024, A.I.dvisor detected a Cup-and-Handle Inverse Pattern (Bearish) for Erie Indemnity Company (ERIE, $384.94). 26 days later, on May 28, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On May 29, 2024, the stock hit the target price of $371.06 – resulting in a gain for traders who shorted the stock on the pattern detection date.
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General Information

a provider of insurance services

Industry InsuranceBrokersServices

Profile
Fundamentals
Details
Industry
Property Or Casualty Insurance
Address
100 Erie Insurance Place
Phone
+1 814 870-2000
Employees
6556
Web
https://www.erieinsurance.com