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NOMD forms Stochastic Sell Signal on July 2
On Thursday, July 2nd, NOMD moved up 1.51% while volume shrunk to 0.3× the usual levels. Multiple bearish signals emerged — Stochastic Sell Signal and Upper Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 11.28, 11.14 & 11.02, with resistance at 11.53, 11.65 & 11.79. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of NOMD: C
There’s more where that came from. See all of today’s signals for NOMD here.
Read full article here »