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Crossed Above 20 Day Moving Average appears for MB after 137.87% move
On Friday, August 7th, MB moved up 137.87% while volume was to 49.3× the usual levels. The unusually high volume suggests institutional participation in today's move. Mixed technical signals appeared with Crossed Above 20 DMA and Crossed Above 50 DMA and Crossed Above 200 DMA and Expansion Breakout and Directional Movement Crossover Bullish and Pocket Pivot suggesting upside potential, while Gilligan's Island Sell Setup indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 4.17, -0.58 & -8.37, with resistance at 16.71, 24.5 & 29.25.
Current SwingTradeBot Technical Rating of MB: C
Just a sneak peek — check SwingTradeBot.com for the full story on MB.
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