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Is CBT likely to continue lower? Fell Below 50 Day Moving Average shows up after tumbling 5.16%
CBT finished lower by 5.16% on Wednesday, July 8th, trading 2.2 times its typical volume. The unusually high volume suggests institutional participation in today's move. The session formed a Fell Below 50 DMA, often signaling a possible continuation. Key support levels exist at 80.84, 78.79 & 75.95, with resistance at 85.73, 88.57 & 90.62.
Current SwingTradeBot Technical Rating of CBT: B
This might just be the start. See what else showed up for CBT today.
Read full article here »