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Is MLP primed for upward momentum? Crossed Above 50 Day Moving Average shows up after climbing 4.1%
MLP posted a 4.1% gain on Thursday, July 16th, accompanied by 0.0× normal trading volume. Multiple bullish signals emerged — Crossed Above 50 DMA and Directional Movement Crossover Bullish — suggesting potential strength ahead. Key support levels exist at 16.98, 16.72 & 16.58, with resistance at 17.38, 17.52 & 17.78. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of MLP: C
There’s more where that came from. See all of today’s signals for MLP here.
Read full article here »