Tickeron detected bearish Stock Pattern: Broadening Wedge Ascending on March 27, 2024

A.I.dvisor
at Tickeron.com
03/29/24
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Broadening Wedge Ascending
JOUT - Johnson Outdoors
Emerged: 03/27/24
Breakout: $43.89
Price: $45.77
Target price: $42.95
A.I.dvisor detected a bearish Broadening Wedge Ascending pattern for JOUT stock. This pattern was detected on March 27, 2024 . The odds of reaching the target price are 6. The Broadening Wedge Ascending pattern forms when a security price progressively makes higher highs (1, 3, 5) and higher lows (2, 4), following two widening trend lines. Consider selling the security short or buying a put option at the downward breakout price level, which is the last low that touches the bottom line (4).
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JOUTDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a manufacturer of recreational products for outdoor sports

Industry RecreationalProducts

Profile
Fundamentals
Details
Industry
Recreational Products
Address
555 Main Street
Phone
+1 262 631-6600
Employees
1400
Web
https://www.johnsonoutdoors.com