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Is EDRY setting up for a drop? Fell Below 20 Day Moving Average shows up after plummeting 5.3%
On Tuesday, July 7th, EDRY moved down 5.3% while volume was to 0.9× the usual levels. Multiple bearish signals emerged — Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross & 180 Bearish Setup — suggesting potential weakness ahead. Key support levels exist at 21.19, 20.76 & 20.12, with resistance at 22.26, 22.9 & 23.33.
Current SwingTradeBot Technical Rating of EDRY: C
Just a sneak peek — check SwingTradeBot.com for the full story on EDRY.
Read full article here »