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Is MLP likely to continue higher? Crossed Above 20 Day Moving Average shows up after climbing 2.49%
On Friday, August 7th, MLP moved up 2.49% while volume surged to 2.0× the usual levels. The unusually high volume suggests institutional participation in today's move. Mixed technical signals appeared with Crossed Above 20 DMA and Pocket Pivot suggesting upside potential, while 50 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 16.81, 16.3 & 15.98, with resistance at 17.64, 17.96 & 18.47.
Current SwingTradeBot Technical Rating of MLP: C
This might just be the start. See what else showed up for MLP today.
Read full article here »