FMAT Stock Fidelity MSCI Materials ETF (FMAT, $51.8) price may drop as it broke higher Bollinger Band on May 09, 2024

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05/10/24

FMAT - Fidelity MSCI Materials ETF

Bollinger signal

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Odds of DOWN Trend

Price: $51.8

Daily change: +$0.56 (+1.09%)

Daily volume: 26.4K

Net Assets: $517.4M

This price move could be a signal that FMAT may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 44 similar cases where FMAT's price broke its higher Bollinger Band, and of them led to a successful outcome. Odds of Success:

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