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RIG forms 200 Day Moving Average Support on July 27
RIG closed down 1.31% on Monday, July 27th, with volume running 1.8× above average. The session formed a 200 DMA Support, often signaling a possible continuation. Key support levels exist at 5.19, 5.09 & 4.98, with resistance at 5.4, 5.51 & 5.61.
Current SwingTradeBot Technical Rating of RIG: C
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