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Is VNOM preparing to trend higher? Crossed Above 50 Day Moving Average shows up after gaining 1.8%
On Monday, August 17th, VNOM moved up 1.8% while volume shrunk to 0.7× the usual levels. Multiple bullish signals emerged — Crossed Above 50 DMA, MACD Bullish Signal Line Cross & Crossed Above 20 DMA — suggesting potential strength ahead. Key support levels exist at 42.46, 41.86 & 41.54, with resistance at 43.37, 43.69 & 44.29.
Current SwingTradeBot Technical Rating of VNOM: C
There’s more where that came from. See all of today’s signals for VNOM here.
Read full article here »