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Is PMI likely to continue higher? Stochastic Buy Signal shows up after rocketing 16.72%
PMI closed up 16.72% on Monday, August 3rd, with volume running 0.3× below average. Mixed technical signals appeared with Stochastic Buy Signal and Directional Movement Crossover Bullish suggesting upside potential, while Slingshot Bearish indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 4.34, 3.55 & 3.0, with resistance at 5.68, 6.23 & 7.02. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of PMI: F
There’s more where that came from. See all of today’s signals for PMI here.
Read full article here »