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DNOW forms Bullish Engulfing on July 6
DNOW posted a 1.59% gain on Monday, July 6th, accompanied by 0.9× normal trading volume. Mixed technical signals appeared with Bullish Engulfing and Stochastic Buy Signal suggesting upside potential, while Slingshot Bearish indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 12.48, 12.16 & 11.89, with resistance at 13.07, 13.34 & 13.66. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of DNOW: D
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