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ALGT forms New Downtrend on July 17
On Friday, July 17th, ALGT moved down 4.28% while volume shrunk to 0.7× the usual levels. Multiple bearish signals emerged — New Downtrend and Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 99.03, 97.17 & 94.34, with resistance at 103.73, 106.56 & 108.43. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of ALGT: A
There’s more where that came from. See all of today’s signals for ALGT here.
Read full article here »