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Is MGY ready to move higher? MACD Bullish Signal Line Cross shows up after climbing 1.41%
On Friday, August 7th, MGY moved up 1.41% while volume was to 0.7× the usual levels. Mixed technical signals appeared with MACD Bullish Signal Line Cross suggesting upside potential, while 20 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 24.5, 23.9 & 23.41, with resistance at 25.59, 26.08 & 26.68.
Current SwingTradeBot Technical Rating of MGY: D
There’s more where that came from. See all of today’s signals for MGY here.
Read full article here »