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Is CUBI likely to continue higher? Crossed Above 50 Day Moving Average shows up after advancing 0.66%
On Thursday, August 27th, CUBI moved up 0.66% while volume shrunk to 0.1× the usual levels. Mixed technical signals appeared with Crossed Above 50 DMA and Bullish Engulfing suggesting upside potential, while MACD Bearish Centerline Cross indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 77.95, 76.84 & 76.08, with resistance at 79.82, 80.58 & 81.69. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of CUBI: B
There’s more where that came from. See all of today’s signals for CUBI here.
Read full article here »