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Is ERIE signaling a buying opportunity? Stochastic Reached Overbought shows up after advancing 3.81%
On Friday, June 26th, ERIE moved up 3.81% while volume increased to 1.5× the usual levels. Stochastic Reached Overbought — typically a warning sign for traders — developed during the session. Key support levels exist at 232.74, 226.77 & 222.96, with resistance at 242.53, 246.34 & 252.31. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of ERIE: C
There’s more where that came from. See all of today’s signals for ERIE here.
Read full article here »