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Is ARW showing downside potential? Fell Below 20 Day Moving Average shows up after plummeting 6.24%
ARW finished lower by 6.24% on Wednesday, September 17th, trading 2.9 times its typical volume. The unusually high volume suggests institutional participation in today's move. Multiple bearish signals emerged — Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, Directional Movement Crossover Bearish & Expansion Pivot Sell Setup — suggesting potential weakness ahead. Key support levels exist at 117.68, 116.28 & 114.07, with resistance at 121.3, 123.51 & 124.91.
Current SwingTradeBot Technical Rating of ARW: D
There’s more where that came from. See all of today’s signals for ARW here.
Read full article here »