Tickeron detected bearish Stock Pattern: Broadening Top on April 24, 2024

A.I.dvisor
at Tickeron.com
04/25/24
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Broadening Top
FRD - Friedman Industries
Emerged: 04/24/24
Breakout: $18.4
Price: $19.45
Target price: $17.41
A.I.dvisor detected a bearish Broadening Top pattern for FRD stock. This pattern was detected on April 24, 2024 . The odds of reaching the target price are 6. The Broadening Top pattern forms when a security price makes higher highs (1, 3, 5) and lower lows (2, 4) following two widening trend lines. Consider selling the security short or buying a put option at the downward breakout price level. When trading, wait for the confirmation move, which is when the price falls below the breakout level.
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FRDDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a manufacturer of processes and distributes pipes and steel

Industry Steel

Profile
Fundamentals
Details
Industry
Metal Fabrication
Address
1121 Judson Road
Phone
+1 903 758-3431
Employees
99
Web
https://www.friedmanindustries.com