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Is RLI positioned for a breakout? Upper Bollinger Band Walk shows up after rising 1.2%
On Tuesday, June 30th, RLI moved up 1.2% while volume shrunk to 0.4× the usual levels. The session formed a Upper Bollinger Band Walk, often signaling a possible continuation. Key support levels exist at 58.32, 57.53 & 57.11, with resistance at 59.53, 59.95 & 60.74. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of RLI: B
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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