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Is MLP poised for gains? Crossed Above 50 Day Moving Average shows up after rising 3.86%
MLP finished higher by 3.86% on Thursday, July 16th, trading 0.6 times its typical volume. Multiple bullish signals emerged — Crossed Above 50 DMA and Directional Movement Crossover Bullish — suggesting potential strength ahead. Key support levels exist at 16.79, 16.36 & 16.13, with resistance at 17.45, 17.68 & 18.11. 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 »