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Stochastic Buy Signal appears for CI after 1.3% move
On Wednesday, August 5th, CI moved down 1.3% while volume surged to 2.7× the usual levels. The unusually high volume suggests institutional participation in today's move. Stochastic Buy Signal — typically a warning sign for traders — developed during the session. Key support levels exist at 264.89, 259.3 & 255.48, with resistance at 274.3, 278.12 & 283.71. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of CI: C
Just a sneak peek — check SwingTradeBot.com for the full story on CI.
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