Tickeron detected bearish Stock Pattern: Wedge Falling MDGL on April 16, 2024, netting in a 15.99% gain over 1 week

A.I.dvisor
at Tickeron.com
04/26/24
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+15.99% Gain from a Successful pattern Wedge Falling
MDGL - Madrigal Pharmaceuticals
Ticker: MDGL
Company: Madrigal Pharmaceuticals
Gain from shortening: +15.99%
Confirmed: 04/16/24
Succeeded: 04/25/24
Total length: 10 days
On April 15, 2024, A.I.dvisor detected a Wedge Falling Pattern (Bearish) for Madrigal Pharmaceuticals (MDGL, $231.37). 1 day later, on April 16, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On April 25, 2024, the stock hit the target price of $195.70 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.
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MDGLDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a developer of small-molecule drugs addressing major unmet needs in cardiovascular and metabolic diseases

Industry Biotechnology

Profile
Fundamentals
Details
Industry
Pharmaceuticals Other
Address
200 Barr Harbor Drive
Phone
+1 267 824-2827
Employees
276
Web
http://www.madrigalpharma.com