INDB Stock Tickeron detected bearish Stock Pattern: Wedge Rising INDB on May 29, 2024, netting in a 12.60% gain over 2 weeks

A.I.dvisor
at Tickeron.com
06/12/24
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+12.60% Gain from a Successful pattern Wedge Rising
INDB - Independent Bank Corp
Ticker: INDB
Company: Independent Bank
Gain from shortening: +12.6%
Confirmed: 05/29/24
Succeeded: 06/11/24
Total length: 20 days
On May 22, 2024, A.I.dvisor detected a Wedge Rising Pattern (Bearish) for Independent Bank Corp (INDB, $54.06). 7 days later, on May 29, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On June 11, 2024, the stock hit the target price of $47.49 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.
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General Information

a regional bank

Industry RegionalBanks

Profile
Fundamentals
Details
Industry
Regional Banks
Address
2036 Washington Street
Phone
+1 781 878-6100
Employees
1787
Web
https://www.rocklandtrust.com