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Is NBR poised for a decline? Non-ADX 1,2,3,4 Bearish shows up after rising 0.6%
NBR closed up 0.6% on Thursday, July 2nd, with volume running 0.8× below average. Multiple bearish signals emerged — Non-ADX 1,2,3,4 Bearish and Jack-in-the-Box Bearish — suggesting potential weakness ahead. Key support levels exist at 76.56, 75.28 & 73.29, with resistance at 79.84, 81.84 & 83.12. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of NBR: D
This might just be the start. See what else showed up for NBR today.
Read full article here »