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MCHX Crossed Above 50 Day Moving Average on July 1
On Wednesday, July 1st, MCHX moved up 4.35% while volume increased to 1.5× the usual levels. Multiple bullish signals emerged — Crossed Above 50 DMA, Crossed Above 200 DMA & MACD Bullish Centerline Cross — suggesting potential strength ahead. Key support levels exist at 1.62, 1.57 & 1.52, with resistance at 1.72, 1.77 & 1.82. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of MCHX: D
There’s more where that came from. See all of today’s signals for MCHX here.
Read full article here »