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Is IBP showing upside potential? Directional Movement Crossover Bullish shows up after surging 5.86%
IBP closed up 5.86% on Tuesday, August 11th, with volume running 0.6× below average. Multiple bullish signals emerged — Upper Bollinger Band Walk and Directional Movement Crossover Bullish — suggesting potential strength ahead. Key support levels exist at 241.21, 232.86 & 228.57, with resistance at 253.85, 258.14 & 266.49.
Current SwingTradeBot Technical Rating of IBP: C
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »