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Is RS positioned for a breakout? New 52 Week Closing High shows up after gaining 0.97%
On Monday, August 10th, RS moved up 0.97% while volume was to 0.9× the usual levels. consolidation patterns formed: NR7, suggesting a potential continuation after price stabilization. Key support levels exist at 424.65, 420.8 & 417.6, with resistance at 431.69, 434.89 & 438.74. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of RS: A
There’s more where that came from. See all of today’s signals for RS here.
Read full article here »