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Is DBI setting up for a drop? Fell Below 200 Day Moving Average shows up after sinking 2.42%
DBI closed down 2.42% on Friday, July 31st, with volume running 0.4× below average. Multiple bearish signals emerged — Fell Below 200 DMA and Upper Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 5.87, 5.7 & 5.46, with resistance at 6.28, 6.52 & 6.69.
Current SwingTradeBot Technical Rating of DBI: C
This might just be the start. See what else showed up for DBI today.
Read full article here »