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REI forms Stochastic Sell Signal on August 13
On Thursday, August 13th, REI moved down 2.21% while volume shrunk to 0.0× the usual levels. consolidation patterns formed: NR7 and NR7-2, suggesting a potential continuation after price stabilization. Key support levels exist at 1.31, 1.3 & 1.28, with resistance at 1.35, 1.37 & 1.38. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of REI: C
Today’s move could mean more—check all the signals for REI on SwingTradeBot.
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