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Is SVM heading for a slide? Fell Below 20 Day Moving Average shows up after sliding 4.71%
SVM closed down 4.71% on Thursday, June 18th, with volume running 1.3× above average. Multiple bearish signals emerged — Fell Below 20 DMA and Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 10.98, 10.65 & 10.09, with resistance at 11.88, 12.44 & 12.77.
Current SwingTradeBot Technical Rating of SVM: C
There’s more where that came from. See all of today’s signals for SVM here.
Read full article here »