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Is MI gaining bearish strength? New 52 Week Low shows up after sliding 1.11%
MI posted a 1.11% loss on Friday, July 17th, accompanied by 0.2× normal trading volume. consolidation patterns formed: Narrow Range Bar and Calm After Storm, suggesting a potential continuation after price stabilization. Key support levels exist at 8.51, 8.15 & 7.97, with resistance at 9.05, 9.23 & 9.59. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of MI: F
There’s more where that came from. See all of today’s signals for MI here.
Read full article here »