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

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Broadening Wedge Ascending

LAMYX - Lord Abbett Dividend Growth I

Emerged: 05/06/24

Breakout: $20.64

Price: $21.8

Target price: $20.61

A.I.dvisor detected a bearish Broadening Wedge Ascending pattern for LAMYX 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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These past five trading days, the mutual fund lost 0.00%.

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