MEI Stock Tickeron detected bearish Stock Pattern: Triangle Ascending MEI on May 07, 2024, netting in a 17.12% gain over 1 month

A.I.dvisor
at Tickeron.com
06/12/24
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+17.12% Gain from a Successful pattern Triangle Ascending
MEI - Methode Electronics
Ticker: MEI
Company: Methode Electronics
Gain from shortening: +17.12%
Confirmed: 05/07/24
Succeeded: 06/11/24
Total length: 36 days
On May 06, 2024, A.I.dvisor detected a Triangle Ascending Pattern (Bearish) for Methode Electronics (MEI, $12.56). 1 day later, on May 07, 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 $10.05 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.
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General Information

a manufacturer of component and subsystem devices

Industry ElectronicComponents

Profile
Fundamentals
Details
Industry
Electronic Components
Address
8750 West Bryn Mawr Avenue
Phone
+1 708 867-6777
Employees
6700
Web
https://www.methode.com