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Is MLAB setting up for a drop? Fell Below 50 Day Moving Average shows up after declining 1.41%
On Wednesday, July 29th, MLAB moved down 1.41% while volume shrunk to 0.1× the usual levels. Fell Below 50 DMA — typically a warning sign for traders — developed during the session. Key support levels exist at 98.14, 96.61 & 95.04, with resistance at 101.24, 102.81 & 104.34.
Current SwingTradeBot Technical Rating of MLAB: B
There’s more where that came from. See all of today’s signals for MLAB here.
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