SIM Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Descending SIM on July 23, 2024, netting in a 8.85% gain over 4 months

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+8.85% Gain from a Successful pattern Broadening Wedge Descending

SIM - Groupo Simec SAB de CV

Ticker: SIM

Company: Groupo Simec SAB de CV

Gain from shortening: +8.85%

Confirmed: 07/23/24

Succeeded: 10/28/24

Total length: 123 days

On June 27, 2024, A.I.dvisor detected a Broadening Wedge Descending Pattern (Bearish) for Groupo Simec SAB de CV (SIM, $30.40). 26 days later, on July 23, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 28, 2024, the stock hit the target price of $25.59 – resulting in a gain for traders who shorted the stock on the pattern detection date.

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published General Information

General Information

a manufacturer of of steel products for the automotive and construction industries

Industry Steel

Profile

Fundamentals

Details

Industry

Metal Fabrication

Address

Calzada Lazaro Cardenas 601

Phone

+52 3337706700

Employees

5092

Web

https://www.gsimec.com.mx