NATH Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top on May 24, 2024

A.I.dvisor
at Tickeron.com
05/27/24
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Head-and-Shoulders Top
NATH - Nathan's Famous
Emerged: 05/24/24
Breakout: $66.73
Price: $66.71
Target price: $63.65
A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for NATH stock. This pattern was detected on May 24, 2024 . The odds of reaching the target price are 6. The pattern forms with a center peak (the Head, labeled 3) and left and right Shoulders (1, 5). Eventually the security stops testing highs and reverses trend into a decline. Consider selling a security short before it declines or buying a put option to benefit from the price decline. To improve success chances, wait for a confirmation move: allow the price to break below the Neckline level (2, 4), which is calculated as the average of the two lows between the Head and the Shoulders.
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General Information

a company which engages in operating franchised fast food units

Industry Restaurants

Profile
Fundamentals
Details
Industry
Restaurants
Address
One Jericho Plaza
Phone
+1 516 338-8500
Employees
138
Web
https://www.nathansfamous.com