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NBR forms New Downtrend on July 1
NBR finished lower by 7.89% on Wednesday, July 1st, trading 1.9 times its typical volume. Multiple bearish signals emerged — New Downtrend, Reversal New Lows Setup & Expansion Breakdown — suggesting potential weakness ahead. Key support levels exist at 73.96, 70.54 & 64.59, with resistance at 83.34, 89.29 & 92.71. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of NBR: D
There’s more where that came from. See all of today’s signals for NBR here.
Read full article here »