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BBY forms Directional Movement Crossover Bearish on August 6
BBY posted a 5.3% loss on Thursday, August 6th, accompanied by 2.1× normal trading volume. The unusually high volume suggests institutional participation in today's move. The session formed a Directional Movement Crossover Bearish, often signaling a possible continuation. Key support levels exist at 78.4, 76.79 & 73.78, with resistance at 83.02, 86.03 & 87.64.
Current SwingTradeBot Technical Rating of BBY: A
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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