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Is IT primed for upward momentum? Upper Bollinger Band Walk shows up after tumbling 7.68%
On Thursday, July 30th, IT moved down 7.68% while volume increased to 1.4× the usual levels. The session formed a Upper Bollinger Band Walk, often signaling a possible continuation. Key support levels exist at 148.09, 143.27 & 137.5, with resistance at 158.68, 164.45 & 169.27. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of IT: C
Just a sneak peek — check SwingTradeBot.com for the full story on IT.
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