RGCO Stock Tickeron detected bullish Stock Pattern: Head-and-Shoulders Bottom on June 07, 2024

A.I.dvisor
at Tickeron.com
06/10/24
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Head-and-Shoulders Bottom
RGCO - RGC Resources
Emerged: 06/07/24
Breakout: $20.79
Price: $20.3
Target price: $21.69
A.I.dvisor detected a bullish Head-and-Shoulders Bottom pattern for RGCO stock. This pattern was detected on June 07, 2024 . The odds of reaching the target price are 6. The Head-and-Shoulders Bottom pattern is formed when the price of a security creates a center trough (the inverted head, labeled 3) and the left and right inverted shoulders (1, 5). After reaching the lowest low (the Head, 3) the next low is shallower and the trend reverses course to the upside. Consider buying a security or a call option at the low once the pattern is confirmed, which is known as the breakout point. The pattern is confirmed when the price breaks above the Neckline (2,4).
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General Information

a distributor of natural gas

Industry GasDistributors

Profile
Fundamentals
Details
Industry
Gas Distributors
Address
519 Kimball Avenue North East
Phone
+1 540 777-4427
Employees
100
Web
https://www.rgcresources.com