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Is SHO likely to continue higher? 20 Day Moving Average Support shows up after rising 2.76%
SHO posted a 2.76% gain on Friday, June 26th, accompanied by 7.2× normal trading volume. The unusually high volume suggests institutional participation in today's move. Multiple bullish signals emerged — 20 DMA Support, Bullish Engulfing, New 52 Week Closing High & Pocket Pivot — suggesting potential strength ahead. Key support levels exist at 11.61, 11.29 & 11.14, with resistance at 12.08, 12.23 & 12.55.
Current SwingTradeBot Technical Rating of SHO: A
This might just be the start. See what else showed up for SHO today.
Read full article here »