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Is ECG preparing to trend lower? Fell Below 20 Day Moving Average shows up after plummeting 9.0%
On Wednesday, July 1st, ECG moved down 9.0% while volume was to 1.1× the usual levels. Multiple bearish signals emerged — Fell Below 20 DMA, Fell Below 50 DMA, Directional Movement Crossover Bearish, 180 Bearish Setup & Expansion Pivot Sell Setup — suggesting potential weakness ahead. Key support levels exist at 147.54, 144.06 & 137.33, with resistance at 157.75, 164.48 & 167.96.
Current SwingTradeBot Technical Rating of ECG: A
There’s more where that came from. See all of today’s signals for ECG here.
Read full article here »