Tickeron detected bearish Stock Pattern: Broadening Wedge Descending on April 18, 2024

A.I.dvisor
at Tickeron.com
04/22/24
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Broadening Wedge Descending
XMTR - Xometry
Emerged: 04/18/24
Confirmed: 04/19/24
Breakout: $16.05
Price: $15.99
Target price: $13.49
A.I.dvisor detected a bearish Broadening Wedge Descending pattern for XMTR stock. This pattern was detected on April 18, 2024 and confirmed on April 19, 2024 . The odds of reaching the target price are 6. The Broadening Wedge Descending pattern forms when a security price makes lower lows (1, 3, 5) and lower highs (2, 4), forming two downward sloping lines that expand over time. Consider selling the security short or buying a put option at the downward breakout price level, which is the last low touching the bottom line.
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XMTRDaily Signal changed days agoGain/Loss if shorted
 
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General Information

Industry IndustrialMachinery

Profile
Fundamentals
Details
Industry
N/A
Address
6116 Executive Boulevard
Phone
+1 240 252-1138
Employees
992
Web
https://www.xometry.com