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IBP forms Upper Bollinger Band Walk on June 29
IBP posted a 2.5% loss on Monday, June 29th, accompanied by 0.8× normal trading volume. The session formed a Upper Bollinger Band Walk, often signaling a possible continuation. Key support levels exist at 221.45, 215.57 & 211.72, with resistance at 231.18, 235.03 & 240.91. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of IBP: D
Today’s move could mean more—check all the signals for IBP on SwingTradeBot.
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