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SM forms Upper Bollinger Band Walk on July 24
On Friday, July 24th, SM moved down 0.94% while volume was to 1.1× the usual levels. Upper Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 32.78, 32.37 & 31.8, with resistance at 33.76, 34.33 & 34.74. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of SM: A
Today’s move could mean more—check all the signals for SM on SwingTradeBot.
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