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Is DRS preparing to trend higher? Pocket Pivot shows up after a relatively flat session
On Wednesday, July 1st, DRS moved up 0.04% while volume surged to 2.2× the usual levels. The unusually high volume suggests institutional participation in today's move. Mixed technical signals appeared with Pocket Pivot suggesting upside potential, while 50 DMA Resistance and 180 Bearish Setup indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 42.08, 41.47 & 40.3, with resistance at 43.86, 45.03 & 45.64. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of DRS: C
There’s more where that came from. See all of today’s signals for DRS here.
Read full article here »