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Is RRX positioned for a breakout? 50 Day Moving Average Support shows up after climbing 0.65%
On Wednesday, July 22nd, RRX moved up 0.65% while volume was to 1.2× the usual levels. Mixed technical signals appeared with 50 DMA Support and Stochastic Buy Signal and Directional Movement Crossover Bullish suggesting upside potential, while 20 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 210.0, 205.31 & 201.91, with resistance at 218.09, 221.49 & 226.18.
Current SwingTradeBot Technical Rating of RRX: B
There’s more where that came from. See all of today’s signals for RRX here.
Read full article here »