Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top on March 20, 2024

A.I.dvisor
at Tickeron.com
03/22/24
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Head-and-Shoulders Top
SIF - SIFCO Industries
Emerged: 03/20/24
Breakout: $3.07
Price: $3.22
Target price: $2.92
A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for SIF stock. This pattern was detected on March 20, 2024 . The odds of reaching the target price are . The pattern forms with a center peak (the Head, labeled 3) and left and right Shoulders (1, 5). Eventually the security stops testing highs and reverses trend into a decline. Consider selling a security short before it declines or buying a put option to benefit from the price decline. To improve success chances, wait for a confirmation move: allow the price to break below the Neckline level (2, 4), which is calculated as the average of the two lows between the Head and the Shoulders.
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General Information

a producer of metalworking products

Industry AerospaceDefense

Profile
Fundamentals
Details
Industry
Aerospace And Defense
Address
970 East 64th Street
Phone
+1 216 881-8600
Employees
368
Web
https://www.sifco.com