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Is REI ready to move lower? 200 Day Moving Average Resistance shows up after gaining 2.68%
REI closed up 2.68% on Wednesday, June 17th, with volume running 0.9× below average. consolidation patterns formed: NR7, suggesting a potential continuation after price stabilization. Key support levels exist at 1.13, 1.11 & 1.08, with resistance at 1.19, 1.22 & 1.24. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of REI: D
There’s more where that came from. See all of today’s signals for REI here.
Read full article here »