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Is CPB showing upside potential? Upper Bollinger Band Walk shows up after rising 1.08%
CPB closed up 1.08% on Thursday, July 2nd, with volume running 0.7× below average. Upper Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 22.91, 22.49 & 22.15, with resistance at 23.67, 24.01 & 24.43. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of CPB: C
This might just be the start. See what else showed up for CPB today.
Read full article here »