SPMB Stock Tickeron detected bullish ETF Pattern: Pennant on December 22, 2023

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12/24/23

Pennant

SPMB - SPDR® Portfolio Mortgage Backed Bond ETF

Emerged: 12/22/23

Breakout: $21.98

Price: $21.97

Target price: $22.55

A.I.dvisor detected a bullish Pennant pattern for SPMB stock. This pattern was detected on December 22, 2023 . The odds of reaching the target price are 6. The Rising Pennant forms when rising prices experience a consolidation period, and the price moves within a narrow range defined by the converging lines through points (2, 4) and (3, 5). Consider buying a security or call option at the breakout. When trading, wait for the confirmation move, which is when the price rises above the breakout level.

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