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Is RYN preparing to trend higher? Slingshot Bullish shows up after declining 2.48%
RYN posted a 2.48% loss on Monday, July 20th, accompanied by 0.8× normal trading volume. Mixed technical signals appeared with Slingshot Bullish suggesting upside potential, while Fell Below 20 DMA and Fell Below 200 DMA and MACD Bearish Signal Line Cross indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 20.98, 20.7 & 20.28, with resistance at 21.68, 22.1 & 22.38.
Current SwingTradeBot Technical Rating of RYN: C
There’s more where that came from. See all of today’s signals for RYN here.
Read full article here »