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Is INDB positioned for a breakdown? 20 Day Moving Average Resistance shows up after dropping 0.65%
On Friday, July 31st, INDB moved down 0.65% while volume was to 1.3× the usual levels. 20 DMA Resistance — typically a warning sign for traders — developed during the session. Key support levels exist at 82.86, 81.88 & 80.84, with resistance at 84.88, 85.92 & 86.9.
Current SwingTradeBot Technical Rating of INDB: A
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