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NU forms Bollinger Band Squeeze on July 24
NU posted a 0.78% loss on Friday, July 24th, accompanied by 2.2× normal trading 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 13.94, 13.79 & 13.59, with resistance at 14.29, 14.49 & 14.64. Technical indicators like Slow Stochastic reveal overbought momentum right now.
Current SwingTradeBot Technical Rating of NU: C
This might just be the start. See what else showed up for NU today.
Read full article here »