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Is TGB heading for a slide? Fell Below 50 Day Moving Average shows up after declining 4.38%
TGB closed down 4.38% on Friday, July 31st, with volume running 2.2× above average. The unusually high volume suggests institutional participation in today's move. Multiple bearish signals emerged — Fell Below 50 DMA and Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 6.54, 6.3 & 6.05, with resistance at 7.03, 7.28 & 7.52.
Current SwingTradeBot Technical Rating of TGB: B
This might just be the start. See what else showed up for TGB today.
Read full article here »