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Is MPTI setting up for a drop? Lower Bollinger Band Walk shows up after sliding 3.47%
On Thursday, July 16th, MPTI moved down 3.47% while volume increased to 1.6× the usual levels. The session formed a Lower Bollinger Band Walk, often signaling a possible continuation. Key support levels exist at 74.07, 71.4 & 68.93, with resistance at 79.21, 81.68 & 84.35. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of MPTI: D
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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