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Is EGY lining up for a decline? Lower Bollinger Band Walk shows up after slipping 1.6%
EGY closed down 1.6% on Friday, June 26th, with volume running 0.4× below average. Lower Bollinger Band Walk was spotted, which could indicate a shift in momentum. Key support levels exist at 4.79, 4.66 & 4.55, with resistance at 5.04, 5.15 & 5.28. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of EGY: D
This might just be the start. See what else showed up for EGY today.
Read full article here »