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Is ONTO likely to continue higher? Crossed Above 200 Day Moving Average shows up after surging 14.76%
ONTO posted a 14.76% gain on Thursday, July 30th, accompanied by 1.8× normal trading volume. Mixed technical signals appeared with Crossed Above 200 DMA and Stochastic Buy Signal and Pocket Pivot suggesting upside potential, while Slingshot Bearish indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 240.69, 230.86 & 223.7, with resistance at 257.68, 264.84 & 274.67. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of ONTO: C
There’s more where that came from. See all of today’s signals for ONTO here.
Read full article here »