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AREN makes New 52 Week Closing Low on June 26
On Friday, June 26th, AREN moved down 18.75% while volume was to 9.3× the usual levels. The unusually high volume suggests institutional participation in today's move. Multiple bearish signals emerged — New 52 Week Low, New 52 Week Closing Low & Expansion Breakdown — suggesting potential weakness ahead. Key support levels exist at 0.83, 0.75 & 0.59, with resistance at 1.07, 1.23 & 1.31.
Current SwingTradeBot Technical Rating of AREN: F
There’s more where that came from. See all of today’s signals for AREN here.
Read full article here »