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Is ELOX primed for downward momentum? 20 Day Moving Average Resistance shows up after sinking 1.63%
On Thursday, July 9th, ELOX moved down 1.63% while volume shrunk to 0.4× the usual levels. 20 DMA Resistance — typically a warning sign for traders — developed during the session. Key support levels exist at 10.77, 9.49 & 8.07, with resistance at 13.47, 14.89 & 16.17.
Current SwingTradeBot Technical Rating of ELOX: C
There’s more where that came from. See all of today’s signals for ELOX here.
Read full article here »