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MDV forms 50 Day Moving Average Resistance on June 30
On Tuesday, June 30th, MDV moved down 0.11% while volume was to 1.0× the usual levels. Multiple bearish signals emerged — 50 DMA Resistance and Lower Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 17.2, 16.98 & 16.78, with resistance at 17.63, 17.83 & 18.05. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of MDV: B
This might just be the start. See what else showed up for MDV today.
Read full article here »