GMS Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top GMS on May 23, 2024, netting in a 5.75% gain over 3 weeks

A.I.dvisor
at Tickeron.com
06/08/24
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+5.75% Gain from a Successful pattern Head-and-Shoulders Top
GMS - GMS
Ticker: GMS
Company: GMS
Gain from shortening: +5.75%
Confirmed: 05/23/24
Succeeded: 06/07/24
Total length: 24 days
On May 14, 2024, A.I.dvisor detected a Head-and-Shoulders Top Pattern (Bearish) for GMS (GMS, $94.81). 9 days later, on May 23, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On June 07, 2024, the stock hit the target price of $89.11 – resulting in a gain for traders who shorted the stock on the pattern detection date.
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General Information

a distributor of drywall, acoustical and other specialty building materials

Industry BuildingProducts

Profile
Fundamentals
Details
Industry
Wholesale Distributors
Address
100 Crescent Centre Parkway
Phone
+1 800 392-4619
Employees
7007
Web
https://www.gms.com