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Is CBU preparing to trend lower? 20 Day Moving Average Resistance shows up after declining 2.95%
CBU closed down 2.95% on Wednesday, June 17th, with volume running 1.8× above average. Multiple bearish signals emerged — 20 DMA Resistance, Fell Below 50 DMA, MACD Bearish Signal Line Cross, Directional Movement Crossover Bearish & Expansion Pivot Sell Setup — suggesting potential weakness ahead. Key support levels exist at 60.22, 59.21 & 57.63, with resistance at 62.82, 64.4 & 65.41.
Current SwingTradeBot Technical Rating of CBU: D
This might just be the start. See what else showed up for CBU today.
Read full article here »