Why Carrier Global Stock Could Soon Bounce Back

Carrier Global (CARR) stock, which recently pulled back from a June high, is showing bullish indicators suggesting a potential rebound. A quantitative analysis by Schaeffer's indicates a 100% historical probability of the stock being higher one month later, averaging an 8.1% gain after a similar setup. Furthermore, an unwinding of pessimism among options traders, as evidenced by a high put/call volume ratio, could also provide tailwinds for the stock.