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According to Fortress Biotech Pref A's 15-minute chart, there are several technical indicators that suggest a bearish trend in the stock. The Bollinger Bands Narrowing signal indicates that the magnitude of stock price fluctuations is decreasing, while the KDJ Death Cross and Bearish Marubozu indicators suggest that momentum is shifting towards the downside and that sellers are in control of the market. This bearish momentum is likely to continue.
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