MEIP Stock MEI Pharma (MEIP, $2.87) entered Downtrend as Momentum indicator drops below 0 level on Jun 20, 2024

A.I.dvisor
at Tickeron.com
06/21/24
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MEIP - MEI Pharma
Momentum signal
Bearish Trend
Odds of DOWN Trend
Momentum signal
Price: $2.8699
Daily change: +$0.0499 (+1.77%)
Daily volume: 4.9K
Industry: Biotechnology
This indicator may be signaling that MEIP's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 87 similar cases where MEIP's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:
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General Information

a mfactures pharmaceuticals products

Industry Biotechnology

Profile
Fundamentals
Details
Industry
Pharmaceuticals Other
Address
11455 El Camino Real
Phone
+1 858 369-7100
Employees
102
Web
https://www.meipharma.com