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Is SPCB positioned for a breakout? Crossed Above 20 Day Moving Average shows up after rocketing 8.78%
SPCB posted a 8.78% gain on Friday, August 7th, accompanied by 3.6× normal trading volume. The unusually high volume suggests institutional participation in today's move. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 10.62, 9.85 & 9.17, with resistance at 12.07, 12.75 & 13.52.
Current SwingTradeBot Technical Rating of SPCB: B
There’s more where that came from. See all of today’s signals for SPCB here.
Read full article here »