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MTEN forms Pocket Pivot on July 22
MTEN finished higher by 14.68% on Wednesday, July 22nd, trading 9.0 times its typical volume. The unusually high volume suggests institutional participation in today's move. Mixed technical signals appeared with Pocket Pivot suggesting upside potential, while 20 DMA Resistance and 50 DMA Resistance and Shooting Star Candlestick indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 0.84, 0.42 & -0.13, with resistance at 1.81, 2.36 & 2.78. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of MTEN: F
There’s more where that came from. See all of today’s signals for MTEN here.
Read full article here »