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Fell Below 50 Day Moving Average appears for TEX after 3.84% move
On Monday, July 20th, TEX moved down 3.84% while volume was to 0.9× the usual levels. Multiple bearish signals emerged — Fell Below 50 DMA and MACD Bearish Centerline Cross — suggesting potential weakness ahead. Key support levels exist at 61.68, 60.47 & 58.08, with resistance at 65.28, 67.67 & 68.88. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of TEX: B
There’s more where that came from. See all of today’s signals for TEX here.
Read full article here »