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Is PENN showing downside potential? Fell Below 20 Day Moving Average shows up after slipping 3.23%
On Thursday, July 30th, PENN moved down 3.23% while volume was to 0.9× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 20.29, 20.07 & 19.65, with resistance at 20.93, 21.35 & 21.57.
Current SwingTradeBot Technical Rating of PENN: B
Today’s move could mean more—check all the signals for PENN on SwingTradeBot.
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