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Is GRNT gaining bullish strength? Crossed Above 50 Day Moving Average shows up after rallying 5.14%

Company: Granite Ridge Resources, Inc.
Ticker: GRNT
Sector: Energy
Industry: Oil & Gas E&P
On Friday, August 22nd, GRNT moved up 5.14% while volume was to 1.0× the usual levels. Multiple bullish signals emerged — Crossed Above 50 DMA, Crossed Above 200 DMA, Stochastic Reached Overbought, Expansion Pivot Buy Setup & Pocket Pivot — suggesting potential strength ahead. Key support levels exist at 5.55, 5.36 & 5.26, with resistance at 5.84, 5.94 & 6.13. Meanwhile, Slow Stochastic is showing overbought conditions.

Current SwingTradeBot Technical Rating of GRNT: D

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Granite Ridge Resources, Inc. (GRNT)