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Is NVMI positioned for a breakdown? MACD Bearish Centerline Cross shows up after plummeting 6.46%
On Thursday, July 2nd, NVMI moved down 6.46% while volume increased to 1.5× the usual levels. Multiple bearish signals emerged — MACD Bearish Centerline Cross and Expansion Pivot Sell Setup — suggesting potential weakness ahead. Key support levels exist at 445.6, 421.07 & 389.81, with resistance at 501.39, 532.65 & 557.18.
Current SwingTradeBot Technical Rating of NVMI: B
There’s more where that came from. See all of today’s signals for NVMI here.
Read full article here »