REX Stock Tickeron detected bearish Stock Pattern: Cup-and-Handle Inverse REX on May 28, 2024, netting in a 13.27% gain over 1 week

A.I.dvisor
at Tickeron.com
05/31/24
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+13.27% Gain from a Successful pattern Cup-and-Handle Inverse
REX - REX American Resources Corp
Ticker: REX
Company: REX American Resources
Gain from shortening: +13.27%
Confirmed: 05/28/24
Succeeded: 05/30/24
Total length: 8 days
On May 22, 2024, A.I.dvisor detected a Cup-and-Handle Inverse Pattern (Bearish) for REX American Resources Corp (REX, $57.94). 6 days later, on May 28, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On May 30, 2024, the stock hit the target price of $51.16 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.
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General Information

a company which engages in the production and sale of ethanol and distillers grains

Industry ChemicalsSpecialty

Profile
Fundamentals
Details
Industry
Chemicals Specialty
Address
7720 Paragon Road
Phone
+1 937 276-3931
Employees
122
Web
https://www.rexamerican.com