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Is HOOD likely to continue lower? Fell Below 50 Day Moving Average shows up after crashing 6.57%
On Friday, July 24th, HOOD moved down 6.57% while volume was to 0.9× the usual levels. Multiple bearish signals emerged — Fell Below 50 DMA and Fell Below 200 DMA — suggesting potential weakness ahead. Key support levels exist at 91.93, 88.96 & 84.88, with resistance at 98.98, 103.06 & 106.03.
Current SwingTradeBot Technical Rating of HOOD: D
This might just be the start. See what else showed up for HOOD today.
Read full article here »