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Is MKC signaling a buying opportunity? Upper Bollinger Band Walk shows up after advancing 0.24%
On Friday, August 21st, MKC moved up 0.24% while volume shrunk to 0.5× the usual levels. The session formed a Upper Bollinger Band Walk, often signaling a possible continuation. Key support levels exist at 54.69, 54.03 & 53.16, with resistance at 56.22, 57.09 & 57.75. Technical indicators like Slow Stochastic reveal overbought momentum right now.
Current SwingTradeBot Technical Rating of MKC: C
There’s more where that came from. See all of today’s signals for MKC here.
Read full article here »