Tickeron detected bearish Stock Pattern: Flag on March 26, 2024

A.I.dvisor
at Tickeron.com
04/01/24
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Flag
VERX - Vertex
Emerged: 03/26/24
Breakout: $29.54
Price: $30.66
Target price: $25.13
A.I.dvisor detected a bearish Flag pattern for VERX stock. This pattern was detected on March 26, 2024 . The odds of reaching the target price are 6. The pattern forms when falling prices experience a consolidation period, and the price moves within a narrow range defined by the parallel lines through points 2-4 and 3-5. Consider selling the security short or buying a put option at the downward breakout price level. When trading, wait for the confirmation move, which is when the price falls below the breakout level.
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VERXDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a company, which engages in the provision of tax compliance software solutions

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
N/A
Address
2301 Renaissance Boulevard
Phone
+1 800 355-3500
Employees
1500
Web
https://www.vertexinc.com