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Lower Bollinger Band Walk appears for MEC after 0.85% move
MEC posted a 0.85% loss on Friday, July 31st, accompanied by 0.9× normal trading volume. Lower Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 24.85, 24.02 & 23.2, with resistance at 26.5, 27.32 & 28.15. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of MEC: C
Traders are watching MEC for a reason. See the full signal list.
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