TBT Stock Tickeron detected bearish ETF Pattern: Head-and-Shoulders Top TBT on May 01, 2024, netting in a 6.01% gain over 7 days

A.I.dvisor
at Tickeron.com
05/08/24
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+6.01% Gain from a Successful pattern Head-and-Shoulders Top
TBT - ProShares UltraShort 20+ Year Treasury
Ticker: TBT
Company: ProShares UltraShort 20+ Year Treasury
Gain from shortening: +6.01%
Confirmed: 05/01/24
Succeeded: 05/07/24
Total length: 7 days
On April 30, 2024, A.I.dvisor detected a Head-and-Shoulders Top Pattern (Bearish) for ProShares UltraShort 20+ Year Treasury (TBT, $37.92). 1 day later, on May 01, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On May 07, 2024, the stock hit the target price of $35.90 – resulting in a gain for traders who shorted the stock on the pattern detection date.
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TBTDaily Signal changed days agoGain/Loss if shorted
 
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General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Inverse Debt
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com