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Is RLJ showing upside potential? Upper Bollinger Band Walk shows up after declining 0.4%
RLJ closed down 0.4% on Tuesday, July 28th, with volume running 0.9× below average. The session formed a Upper Bollinger Band Walk, often signaling a possible continuation. Key support levels exist at 12.21, 11.99 & 11.83, with resistance at 12.6, 12.76 & 12.98. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of RLJ: A
Today’s move could mean more—check all the signals for RLJ on SwingTradeBot.
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