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Is PNW poised for a breakout? Bollinger Band Squeeze shows up after dropping 0.82%
PNW finished lower by 0.82% on Thursday, July 23rd, trading 2.3 times its typical volume. The unusually high volume suggests institutional participation in today's move. Bollinger Band Squeeze — typically a warning sign for traders — developed during the session. Key support levels exist at 104.55, 103.68 & 102.29, with resistance at 106.81, 108.2 & 109.07. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of PNW: A
Traders are watching PNW for a reason. See the full signal list.
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