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RSIYX Stock Tickeron detected bearish Mutual Fund Pattern: Cup-and-Handle Inverse on June 20, 2024

A.I.dvisor
at Tickeron.com
07/15/24
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Cup-and-Handle Inverse
RSIYX - Victory RS Investors Y
Tickeron
Emerged: 06/20/24
Breakout: $17.11
Price: $17.41
Target price: $16.86
A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for RSIYX stock. This pattern was detected on June 20, 2024 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.
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General Information

Category MidCapBlend

Profile
Fundamentals
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Category
Mid-Cap Blend
Address
Victory Portfolios3435 Stelzer Rd, Suite 1000Columbus
Phone
800-539-3863
Web
www.VictoryFunds.com