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Is MMI showing upside potential? Upper Bollinger Band Walk shows up after climbing 1.7%
MMI posted a 1.7% gain on Wednesday, July 1st, accompanied by 0.5× normal trading volume. Upper Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 31.3, 30.89 & 30.49, with resistance at 32.11, 32.51 & 32.92. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of MMI: A
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