LAMAX Stock Tickeron detected bearish Mutual Fund Pattern: Broadening Wedge Ascending on May 06, 2024

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05/08/24

Broadening Wedge Ascending

LAMAX - Lord Abbett Dividend Growth A

Emerged: 05/06/24

Breakout: $20.37

Price: $20.94

Target price: $20.34

A.I.dvisor detected a bearish Broadening Wedge Ascending pattern for LAMAX stock. This pattern was detected on May 06, 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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