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Is NLY preparing to trend higher? Slingshot Bullish shows up after sinking 0.71%
NLY posted a 0.71% loss on Wednesday, July 8th, accompanied by 0.9× normal trading volume. Slingshot Bullish — typically a warning sign for traders — developed during the session. Key support levels exist at 22.37, 22.2 & 22.02, with resistance at 22.72, 22.9 & 23.07. Technical indicators like Slow Stochastic reveal overbought momentum right now.
Current SwingTradeBot Technical Rating of NLY: A
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »