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EGRX Stock Tickeron detected bearish Stock Pattern: Rectangle Top EGRX on April 17, 2024, netting in a 26.73% gain over 1 month

A.I.dvisor
at Tickeron.com
05/25/24
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+26.73% Gain from a Successful pattern Rectangle Top
EGRX - Eagle Pharmaceuticals
Ticker: EGRX
Company: Eagle Pharmaceuticals
Gain from shortening: +26.73%
Confirmed: 04/17/24
Succeeded: 05/22/24
Total length: 37 days
On April 15, 2024, A.I.dvisor detected a Rectangle Top Pattern (Bearish) for Eagle Pharmaceuticals (EGRX, $5.20). 2 days later, on April 17, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On May 22, 2024, the stock hit the target price of $3.87 – resulting in a +2 gain for traders who shorted the stock on the pattern detection date.

EGRX in -2.41% downward trend, sliding for three consecutive days on August 12, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where EGRX declined for three days, in of 309 cases, the price declined further within the following month. The odds of a continued downward trend are .

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General Information

a developer of pharmaceutical preparations

Industry PharmaceuticalsOther

Profile
Fundamentals
Details
Industry
Pharmaceuticals Other
Address
50 Tice Boulevard
Phone
+1 201 326-5300
Employees
134
Web
http://www.eagleus.com