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Is MLAB preparing to trend higher? 20 Day Moving Average Support shows up after sliding 1.42%
MLAB closed down 1.42% on Wednesday, July 29th, with volume running 0.5× below average. Mixed technical signals appeared with 20 DMA Support suggesting upside potential, while Fell Below 50 DMA indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 97.96, 96.25 & 94.64, with resistance at 101.28, 102.89 & 104.6.
Current SwingTradeBot Technical Rating of MLAB: B
There’s more where that came from. See all of today’s signals for MLAB here.
Read full article here »