NMGCX Stock Tickeron detected bullish Mutual Fund Pattern: Triangle Symmetrical Bottom on July 01, 2024

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NMGCX - Neuberger Berman Mid Cap Growth C

Emerged: 07/01/24

Breakout: $16.46

Price: $16.03

Target price: $16.75

A.I.dvisor detected a bullish Triangle Symmetrical Bottom pattern for NMGCX stock. This pattern was detected on July 01, 2024 . The odds of reaching the target price are 6.

The Symmetrical Triangle Bottom pattern forms when the price of a security fails to retest a high or a low and ultimately forms two narrowing trend lines. As the support and resistance levels consolidate, they form a triangle.

Consider buying a security or call option at the breakout price level. When trading, wait for the confirmation move, which is when the price rises above the breakout level.