Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse UDN on January 10, 2024, netting in a 1.86% gain over 4 weeks

A.I.dvisor
at Tickeron.com
02/07/24
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+1.86% Gain from a Successful pattern Cup-and-Handle Inverse
UDN - Invesco DB US Dollar Bearish
Ticker: UDN
Company: Invesco DB US Dollar Bearish
Gain from shortening: +1.86%
Confirmed: 01/10/24
Succeeded: 02/05/24
Total length: 28 days
On January 08, 2024, A.I.dvisor detected a Cup-and-Handle Inverse Pattern (Bearish) for Invesco DB US Dollar Bearish (UDN, $18.27). 2 days later, on January 10, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On February 05, 2024, the stock hit the target price of $17.93 – resulting in a gain for traders who shorted the stock on the pattern detection date.
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UDNDaily Signal changed days agoGain/Loss if shorted
 
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General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Miscellaneous
Address
INVESCO DB US DOLLAR INDEX BEARISH FUND3500 LACEY ROAD
Phone
800-983-0903
Web
N/A