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New Downtrend appears for BWA after 1.31% move
BWA closed down 1.31% on Thursday, July 2nd, with volume running 1.3× above average. Multiple bearish signals emerged — New Downtrend and Lower Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 62.24, 60.95 & 59.24, with resistance at 65.24, 66.95 & 68.24. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of BWA: C
There’s more where that came from. See all of today’s signals for BWA here.
Read full article here »