MTEX Stock Tickeron detected bearish Stock Pattern: Broadening Bottom MTEX on April 19, 2024, netting in a 14.12% gain over 3 weeks

A.I.dvisor
at Tickeron.com
05/09/24
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+14.12% Gain from a Successful pattern Broadening Bottom
MTEX - Mannatech
Ticker: MTEX
Company: Mannatech
Gain from shortening: +14.12%
Confirmed: 04/19/24
Succeeded: 05/08/24
Total length: 23 days
On April 15, 2024, A.I.dvisor detected a Broadening Bottom Pattern (Bearish) for Mannatech (MTEX, $8.50). 4 days later, on April 19, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On May 08, 2024, the stock hit the target price of $7.33 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.
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General Information

a developer of nutritional supplements, topical products, and weight-management products

Industry FoodDistributors

Profile
Fundamentals
Details
Industry
Food Specialty Or Candy
Address
1410 Lakeside Parkway
Phone
+1 972 471-7400
Employees
228
Web
https://www.mannatech.com