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50 Day Moving Average Resistance appears for SMC after 3.0% move
SMC finished lower by 3.0% on Monday, September 15th, trading 0.7 times its typical volume. Multiple bearish signals emerged — 50 DMA Resistance and Stochastic Sell Signal — suggesting potential weakness ahead. Key support levels exist at 22.28, 21.91 & 21.22, with resistance at 23.34, 24.03 & 24.4. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of SMC: F
Just a sneak peek — check SwingTradeBot.com for the full story on SMC.
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