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Bearish Engulfing appears for INNV after 3.86% move
INNV closed down 3.86% on Wednesday, September 17th, with volume running 2.5× above average. The unusually high volume suggests institutional participation in today's move. Multiple bearish signals emerged — Bearish Engulfing and Upper Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 4.87, 4.76 & 4.55, with resistance at 5.2, 5.41 & 5.52. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of INNV: C
There’s more where that came from. See all of today’s signals for INNV here.
Read full article here »