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Is RWT gaining bearish strength? 20 Day Moving Average Resistance shows up after slipping 2.66%
RWT closed down 2.66% on Wednesday, June 17th, with volume running 2.3× above average. The unusually high volume suggests institutional participation in today's move. 20 DMA Resistance — typically a warning sign for traders — developed during the session. Key support levels exist at 5.04, 4.95 & 4.8, with resistance at 5.28, 5.43 & 5.52.
Current SwingTradeBot Technical Rating of RWT: D
This might just be the start. See what else showed up for RWT today.
Read full article here »