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Is SR building bearish momentum? Directional Movement Crossover Bearish shows up after gaining 0.93%
SR closed up 0.93% on Thursday, July 9th, with volume running 0.5× below average. Multiple bearish signals emerged — Stochastic Reached Overbought and Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 79.47, 78.36 & 77.53, with resistance at 81.41, 82.24 & 83.35. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of SR: D
There’s more where that came from. See all of today’s signals for SR here.
Read full article here »