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IBN forms Bollinger Band Squeeze on July 29
IBN closed down 1.65% on Wednesday, July 29th, with volume running 2.2× above average. The unusually high volume suggests institutional participation in today's move. Bollinger Band Squeeze — typically a warning sign for traders — developed during the session. Key support levels exist at 29.63, 29.5 & 29.26, with resistance at 30.01, 30.25 & 30.38.
Current SwingTradeBot Technical Rating of IBN: B
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
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