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Is RIVN preparing to trend lower? Fell Below 50 Day Moving Average shows up after slipping 3.71%
On Friday, July 24th, RIVN moved down 3.71% while volume increased to 1.3× the usual levels. Multiple bearish signals emerged — Fell Below 50 DMA, Fell Below 200 DMA & Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 15.49, 15.12 & 14.57, with resistance at 16.41, 16.96 & 17.33.
Current SwingTradeBot Technical Rating of RIVN: C
This might just be the start. See what else showed up for RIVN today.
Read full article here »