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Is VELO set to breakout? Narrow Range Bar shows up after rocketing 6.4%
VELO closed up 6.4% on Thursday, July 9th, with volume running 0.4× below average. Narrow Range Bar was spotted, which could indicate a shift in momentum. Key support levels exist at 14.03, 13.43 & 13.06, with resistance at 15.0, 15.38 & 15.98. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of VELO: D
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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