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Is IBCP primed for downward momentum? 20 Day Moving Average Resistance shows up after dropping 1.34%
IBCP posted a 1.34% loss on Friday, September 12th, accompanied by 1.2× normal trading volume. Multiple bearish signals emerged — 20 DMA Resistance, 50 DMA Resistance & 180 Bearish Setup — suggesting potential weakness ahead. Key support levels exist at 31.49, 31.24 & 30.79, with resistance at 32.19, 32.64 & 32.89.
Current SwingTradeBot Technical Rating of IBCP: D
There’s more where that came from. See all of today’s signals for IBCP here.
Read full article here »