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Is AP signaling selling opportunity? Lower Bollinger Band Walk shows up after crashing 11.0%
On Thursday, July 2nd, AP moved down 11.0% while volume shrunk to 0.3× the usual levels. Lower Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 7.03, 6.69 & 6.07, with resistance at 7.99, 8.61 & 8.95. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of AP: D
There’s more where that came from. See all of today’s signals for AP here.
Read full article here »