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Is PBI poised for a decline? 20 Day Moving Average Resistance shows up after declining 2.95%
On Friday, August 7th, PBI moved down 2.95% while volume shrunk to 0.5× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 17.15, 16.87 & 16.4, with resistance at 17.9, 18.37 & 18.65.
Current SwingTradeBot Technical Rating of PBI: B
Today’s move could mean more—check all the signals for PBI on SwingTradeBot.
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