SLAB Stock Tickeron detected bearish Stock Pattern: Cup-and-Handle Inverse SLAB on May 29, 2024, netting in a 8.26% gain over 2 weeks

A.I.dvisor
at Tickeron.com
06/12/24
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+8.26% Gain from a Successful pattern Cup-and-Handle Inverse
SLAB - Silicon Laboratories
Ticker: SLAB
Company: Silicon Laboratories
Gain from shortening: +8.26%
Confirmed: 05/29/24
Succeeded: 06/11/24
Total length: 18 days
On May 24, 2024, A.I.dvisor detected a Cup-and-Handle Inverse Pattern (Bearish) for Silicon Laboratories (SLAB, $127.80). 5 days later, on May 29, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On June 11, 2024, the stock hit the target price of $117.20 – resulting in a gain for traders who shorted the stock on the pattern detection date.
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General Information

a developer of analog-intensive and mixed-signal integrated circuits

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
400 West Cesar Chavez
Phone
+1 512 416-8500
Employees
1846
Web
https://www.silabs.com