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SNX Fell Below 50 Day Moving Average on August 6
SNX posted a 1.47% loss on Thursday, August 6th, accompanied by 0.5× normal trading volume. Multiple bearish signals emerged — Fell Below 50 DMA and Upper Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 256.97, 254.72 & 250.81, with resistance at 263.13, 267.04 & 269.29.
Current SwingTradeBot Technical Rating of SNX: B
There’s more where that came from. See all of today’s signals for SNX here.
Read full article here »