Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top on April 26, 2024

A.I.dvisor
at Tickeron.com
04/27/24
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Head-and-Shoulders Top
STRS - Stratus Properties
Emerged: 04/26/24
Breakout: $22.33
Price: $22.4
Target price: $21.71
A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for STRS stock. This pattern was detected on April 26, 2024 . The odds of reaching the target price are 6. 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 commercial and residential real estate properties developer

Industry RealEstateDevelopment

Profile
Fundamentals
Details
Industry
Real Estate Development
Address
212 Lavaca Street
Phone
+1 512 478-5788
Employees
31
Web
https://www.stratusproperties.com