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Is FLG setting up for a drop? Lower Bollinger Band Walk shows up after climbing 1.6%
FLG posted a 1.6% gain on Tuesday, July 28th, accompanied by 2.1× normal trading volume. The unusually high volume suggests institutional participation in today's move. Lower Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 13.79, 13.6 & 13.51, with resistance at 14.08, 14.17 & 14.36. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of FLG: B
There’s more where that came from. See all of today’s signals for FLG here.
Read full article here »