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New 52 Week Closing Low appears for REED after 10.86% move
REED closed down 10.86% on Wednesday, June 24th, with volume running 1.3× above average. Multiple bearish signals emerged — New 52 Week Low, New 52 Week Closing Low & Lower Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 1.02, 0.91 & 0.71, with resistance at 1.33, 1.53 & 1.64. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of REED: F
There’s more where that came from. See all of today’s signals for REED here.
Read full article here »