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Is PSX preparing to trend higher? New 52 Week Closing High shows up after climbing 2.75%
On Friday, July 17th, PSX moved up 2.75% while volume was to 1.0× the usual levels. Multiple bullish signals emerged — New 52 Week High, New 52 Week Closing High & New Uptrend — suggesting potential strength ahead. Key support levels exist at 204.5, 202.14 & 200.84, with resistance at 208.17, 209.47 & 211.83. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of PSX: A
There’s more where that came from. See all of today’s signals for PSX here.
Read full article here »