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Is NMIH likely to continue lower? Fell Below 50 Day Moving Average shows up after sinking 1.49%
NMIH closed down 1.49% on Tuesday, September 16th, with volume running 0.7× below average. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 38.02, 37.58 & 36.84, with resistance at 39.2, 39.94 & 40.38.
Current SwingTradeBot Technical Rating of NMIH: D
Today’s move could mean more—check all the signals for NMIH on SwingTradeBot.
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