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PBR forms Upper Bollinger Band Walk on July 23
On Thursday, July 23rd, PBR moved up 0.58% while volume was to 0.9× the usual levels. Upper Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 18.87, 18.74 & 18.53, with resistance at 19.22, 19.43 & 19.56. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of PBR: A
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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