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Is AVX positioned for a breakdown? New 52 Week Closing Low shows up after crashing 9.76%
On Tuesday, July 28th, AVX moved down 9.76% while volume was to 1.1× the usual levels. Multiple bearish signals emerged — New 52 Week Low and New 52 Week Closing Low — suggesting potential weakness ahead. Key support levels exist at 2.9, 2.76 & 2.51, with resistance at 3.29, 3.54 & 3.68. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of AVX: F
Just a sneak peek — check SwingTradeBot.com for the full story on AVX.
Read full article here »