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Is FANG primed for upward momentum? Crossed Above 50 Day Moving Average shows up after gaining 2.85%
FANG closed up 2.85% on Friday, July 17th, with volume running 0.7× below average. Multiple bullish signals emerged — Crossed Above 50 DMA, MACD Bullish Centerline Cross & 180 Bullish Setup — suggesting potential strength ahead. Key support levels exist at 193.2, 190.86 & 189.42, with resistance at 196.98, 198.42 & 200.76. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of FANG: A
There’s more where that came from. See all of today’s signals for FANG here.
Read full article here »