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MPTI forms Lower Bollinger Band Walk on July 17
On Friday, July 17th, MPTI moved down 1.02% while volume surged to 2.1× the usual levels. The unusually high volume suggests institutional participation in today's move. Lower Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 72.72, 69.48 & 66.87, with resistance at 78.57, 81.18 & 84.42. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of MPTI: C
Just a sneak peek — check SwingTradeBot.com for the full story on MPTI.
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