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TBI forms Upper Bollinger Band Walk on August 11
On Tuesday, August 11th, TBI moved down 3.87% while volume was to 1.3× the usual levels. Upper Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 9.99, 9.8 & 9.51, with resistance at 10.48, 10.77 & 10.97. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of TBI: A
This might just be the start. See what else showed up for TBI today.
Read full article here »