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Is SHO positioned for a breakout? 1,2,3 Pullback Bullish shows up after advancing 1.97%
On Thursday, July 2nd, SHO moved up 1.97% while volume shrunk to 0.4× the usual levels. consolidation patterns formed: NR7, suggesting a potential continuation after price stabilization. Key support levels exist at 11.27, 11.15 & 11.07, with resistance at 11.47, 11.55 & 11.67. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of SHO: A
There’s more where that came from. See all of today’s signals for SHO here.
Read full article here »