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Is MGY ready to move lower? Fell Below 20 Day Moving Average shows up after dropping 1.37%
MGY finished lower by 1.37% on Friday, September 12th, trading 0.6 times its typical volume. Multiple bearish signals emerged — Fell Below 20 DMA and Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 23.59, 23.39 & 23.02, with resistance at 24.17, 24.54 & 24.74.
Current SwingTradeBot Technical Rating of MGY: D
Just a sneak peek — check SwingTradeBot.com for the full story on MGY.
Read full article here »