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Is SVV signaling a buying opportunity? Stochastic Reached Overbought shows up after a relatively flat session
SVV posted a 0.08% loss on Wednesday, September 17th, accompanied by 2.3× normal trading volume. The unusually high volume suggests institutional participation in today's move. Stochastic Reached Overbought was spotted, which could indicate a shift in momentum. Key support levels exist at 12.68, 12.47 & 12.26, with resistance at 13.1, 13.31 & 13.52. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of SVV: B
There’s more where that came from. See all of today’s signals for SVV here.
Read full article here »