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MKC forms NR7 on August 11
MKC posted a 0.45% loss on Tuesday, August 11th, accompanied by 0.4× normal trading volume. consolidation patterns formed: NR7 and NR7-2 and Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 52.4, 51.91 & 51.58, with resistance at 53.22, 53.55 & 54.04. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of MKC: D
Today’s move could mean more—check all the signals for MKC on SwingTradeBot.
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