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Is MCY preparing to trend lower? Fell Below 20 Day Moving Average shows up after declining 1.51%
MCY posted a 1.51% loss on Thursday, July 30th, accompanied by 1.0× normal trading volume. Multiple bearish signals emerged — Fell Below 20 DMA and Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 105.18, 103.64 & 101.58, with resistance at 108.78, 110.84 & 112.38.
Current SwingTradeBot Technical Rating of MCY: B
There’s more where that came from. See all of today’s signals for MCY here.
Read full article here »