SPBO Stock Tickeron detected bullish ETF Pattern: Cup-and-Handle on June 07, 2024

A.I.dvisor
at Tickeron.com
06/08/24
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Cup-and-Handle
SPBO - SPDR® Portfolio Corporate Bond ETF
Emerged: 06/07/24
Breakout: $28.84
Price: $28.87
Target price: $29.28
A.I.dvisor detected a bullish Cup-and-Handle pattern for SPBO stock. This pattern was detected on June 07, 2024 . The odds of reaching the target price are 6. The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”-like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. Consider buying a security or call option at the upward breakout price/entry point. The confirmation move is when the security moves past the breakout price above the right cup lip.
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General Information

Category IntermediateTermBond

Profile
Fundamentals
Details
Category
Corporate Bond
Address
SPDR Series TrustOne Lincoln Street Cph0326Boston
Phone
N/A
Web
www.spdrs.com