Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse SHYD on February 16, 2023, netting in a 1.34% gain over 1 week

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02/18/23

+1.34% Gain from a Successful pattern Cup-and-Handle Inverse

SHYD - VanEck Short High Yield Muni ETF

Ticker: SHYD

Company: VanEck Short High Yield Muni ETF

Gain from shortening: +1.34%

Confirmed: 02/16/23

Succeeded: 02/17/23

Total length: 8 days

On February 09, 2023, A.I.dvisor detected a Cup-and-Handle Inverse Pattern (Bearish) for VanEck Short High Yield Muni ETF (SHYD, $22.45). 7 days later, on February 16, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On February 17, 2023, the stock hit the target price of $22.11 – resulting in a gain for traders who shorted the stock on the pattern detection date.

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