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SPMB Stock Tickeron detected bullish ETF Pattern: Three Rising Valleys on August 15, 2024

A.I.dvisor
at Tickeron.com
08/18/24
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Three Rising Valleys
SPMB - SPDR® Portfolio Mortgage Backed Bond ETF
Emerged: 08/15/24
Breakout: $22.37
Price: $22.21
Target price: $22.99
A.I.dvisor detected a bullish Three Rising Valleys pattern for SPMB stock. This pattern was detected on August 15, 2024 . The odds of reaching the target price are 6. The Three Rising Valleys pattern forms when three minor Lows (1, 3, 5) are arranged along an upward sloping trend line. Consider buying a security or call option at the breakout price level. When trading, wait for the confirmation move, which is when the price rises above the breakout level.

Aroon Indicator for SPMB shows an upward move is likely

SPMB's Aroon Indicator triggered a bullish signal on August 14, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 212 similar instances where the Aroon Indicator showed a similar pattern. In of the 212 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

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General Information

Category IntermediateGovernment

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