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Is ETN likely to continue higher? Crossed Above 50 Day Moving Average shows up after gaining 1.56%
ETN posted a 1.56% gain on Thursday, July 9th, accompanied by 0.5× normal trading volume. Mixed technical signals appeared with Crossed Above 50 DMA suggesting upside potential, while 20 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 401.35, 396.9 & 390.14, with resistance at 412.55, 419.31 & 423.76.
Current SwingTradeBot Technical Rating of ETN: A
There’s more where that came from. See all of today’s signals for ETN here.
Read full article here »