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Is RIGL likely to continue higher? Upper Bollinger Band Walk shows up after gaining 4.6%
RIGL closed up 4.6% on Friday, June 26th, with volume running 2.3× above average. The unusually high volume suggests institutional participation in today's move. The session formed a Upper Bollinger Band Walk, often signaling a possible continuation. Key support levels exist at 37.38, 36.08 & 35.15, with resistance at 39.61, 40.54 & 41.84. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of RIGL: B
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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