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New 52 Week Closing High appears for ELMD after 1.94% move
ELMD posted a 1.94% gain on Monday, July 6th, accompanied by 1.9× normal trading volume. Multiple bullish signals emerged — New 52 Week High, New 52 Week Closing High, Upper Bollinger Band Walk & Pocket Pivot — suggesting potential strength ahead. Key support levels exist at 45.5, 44.7 & 44.08, with resistance at 46.92, 47.54 & 48.34. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of ELMD: A
There’s more where that came from. See all of today’s signals for ELMD here.
Read full article here »