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Is CMI positioned for a breakdown? Slingshot Bearish shows up after gaining 4.45%
On Thursday, July 30th, CMI moved up 4.45% while volume was to 0.9× the usual levels. Multiple bearish signals emerged — Lower Bollinger Band Walk and Slingshot Bearish — suggesting potential weakness ahead. Key support levels exist at 620.72, 608.45 & 597.82, with resistance at 643.61, 654.24 & 666.51.
Current SwingTradeBot Technical Rating of CMI: C
There’s more where that came from. See all of today’s signals for CMI here.
Read full article here »