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Is ALGT coiling for a breakout? Bollinger Band Squeeze shows up after dropping 1.6%
On Friday, August 7th, ALGT moved down 1.6% while volume was to 1.0× the usual levels. Bollinger Band Squeeze — typically a warning sign for traders — developed during the session. Key support levels exist at 94.06, 92.52 & 90.77, with resistance at 97.35, 99.1 & 100.64.
Current SwingTradeBot Technical Rating of ALGT: D
This might just be the start. See what else showed up for ALGT today.
Read full article here »