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Is ARW lining up for a decline? Lower Bollinger Band Walk shows up after gaining 0.17%
On Monday, July 6th, ARW moved up 0.17% while volume shrunk to 0.6× the usual levels. Lower Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 195.01, 192.2 & 188.51, with resistance at 201.51, 205.2 & 208.01. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of ARW: D
There’s more where that came from. See all of today’s signals for ARW here.
Read full article here »