Tickeron detected bearish Stock Pattern: Triple Tops on March 27, 2024

A.I.dvisor
at Tickeron.com
03/30/24
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Triple Tops
VREX - Varex Imaging Corp
Emerged: 03/27/24
Breakout: $17.16
Price: $17.63
Target price: $16.69
A.I.dvisor detected a bearish Triple Tops pattern for VREX stock. This pattern was detected on March 27, 2024 . The odds of reaching the target price are 6. The Triple Tops pattern appears when there are three distinct minor Highs (1, 3, 5) at about the same price level. The security is testing the upper resistance level (horizontal line formed by (1, 3, 5). Consider selling the security short or buying a put option at a 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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VREXDaily Signal changed days agoGain/Loss if shorted
 
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A.I. Advisor
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General Information

a manufactures of X-ray tubes, flat panel detectors, connectors and accessories for imaging as well as workstations and software for computer-aided diagnostics and image processing

Industry MedicalSpecialties

Profile
Fundamentals
Details
Industry
Medical Specialties
Address
1678 South Pioneer Road
Phone
+1 801 972-5000
Employees
2400
Web
https://www.vareximaging.com