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Is CBT showing downside potential? 20 Day Moving Average Resistance shows up after advancing 1.45%
On Monday, July 6th, CBT moved up 1.45% while volume shrunk to 0.6× the usual levels. 20 DMA Resistance was spotted, which could indicate a shift in momentum. Key support levels exist at 86.17, 84.74 & 83.57, with resistance at 88.77, 89.94 & 91.37.
Current SwingTradeBot Technical Rating of CBT: C
There’s more where that came from. See all of today’s signals for CBT here.
Read full article here »