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DY Stock Tickeron detected bullish Stock Pattern: Broadening Wedge Descending DY on April 26, 2024, netting in a 6.92% gain over 2 weeks

A.I.dvisor
at Tickeron.com
05/04/24
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+6.92% Gain from a Successful pattern Broadening Wedge Descending
DY - Dycom Industries
Ticker: DY
Company: Dycom Industries
Gain: +6.92%
Confirmed: 04/26/24
Succeeded: 05/03/24
Total length: 15 days
On April 18, 2024, A.I.dvisor detected a Broadening Wedge Descending Pattern (Bullish) for Dycom Industries (DY, $134.71). On April 26, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $143.78. 7 days later, on May 03, 2024, DY reached the target price resulting in a for traders who took a long position in the stock.

Momentum Indicator for DY turns positive, indicating new upward trend

DY saw its Momentum Indicator move above the 0 level on August 07, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned positive. In of the 85 cases, the stock moved higher in the following days. The odds of a move higher are at .

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General Information

a provider of engineering, construction, maintenance and installation services to telecommunications providers

Industry EngineeringConstruction

Profile
Fundamentals
Details
Industry
Engineering And Construction
Address
11780 US Highway 1
Phone
+1 561 627-7171
Employees
15611
Web
https://www.dycomind.com