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COHU forms Directional Movement Crossover Bearish on July 16
COHU finished lower by 6.27% on Thursday, July 16th, trading 0.6 times its typical volume. The session formed a Directional Movement Crossover Bearish, often signaling a possible continuation. Key support levels exist at 49.57, 47.56 & 44.84, with resistance at 54.3, 57.02 & 59.03. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of COHU: C
There’s more where that came from. See all of today’s signals for COHU here.
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