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Is MRBK building bearish momentum? Fell Below 20 Day Moving Average shows up after declining 2.32%
On Friday, September 12th, MRBK moved down 2.32% while volume shrunk to 0.7× the usual levels. Multiple bearish signals emerged — Fell Below 20 DMA, New Downtrend & Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 15.02, 14.89 & 14.64, with resistance at 15.4, 15.65 & 15.78.
Current SwingTradeBot Technical Rating of MRBK: C
This might just be the start. See what else showed up for MRBK today.
Read full article here »