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Is PONY primed for upward momentum? Crossed Above 50 Day Moving Average shows up after advancing 4.76%
PONY posted a 4.76% gain on Friday, August 7th, accompanied by 0.5× normal trading volume. Crossed Above 50 DMA — typically a warning sign for traders — developed during the session. Key support levels exist at 7.94, 7.72 & 7.62, with resistance at 8.26, 8.36 & 8.58. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of PONY: D
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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