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ELTP Stock Elite Pharmaceuticals (ELTP, $0.17) entered Downtrend as Momentum indicator drops below 0 level on Jun 07, 2024

A.I.dvisor
at Tickeron.com
06/08/24
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ELTP - Elite Pharmaceuticals, Inc.
Momentum signal
Bearish Trend
Odds of DOWN Trend
Tickeron
Momentum signal
Price: $0.16815
Daily change: -$0.00165 (-0.97%)
Daily volume: 459.6K
Capitalization: $171.1M
Industry: Pharmaceuticals: Other
This indicator may be signaling that ELTP's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 113 similar cases where ELTP's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:
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General Information

Industry PharmaceuticalsOther

Profile
Fundamentals
Details
Industry
N/A
Address
165 Ludlow Avenue
Phone
+1 201 750-2646
Employees
53
Web
https://www.elitepharma.com