NEN Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top on May 09, 2024

A.I.dvisor
at Tickeron.com
05/11/24
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Head-and-Shoulders Top
NEN - New England Realty Associates Limited
Emerged: 05/09/24
Breakout: $69.1
Price: $71.4
Target price: $65.3
A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for NEN stock. This pattern was detected on May 09, 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 company which engages in the acquisition, development, holding for investment, operation and sale of real estate

Industry RealEstateDevelopment

Profile
Fundamentals
Details
Industry
Real Estate Development
Address
39 Brighton Avenue
Phone
+1 617 783-0039
Employees
N/A
Web
https://www.thehamiltoncompany.com