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Slingshot Bullish appears for LWAY after 20.43% move
On Thursday, September 18th, LWAY moved down 20.43% while volume was to 12.2× the usual levels. The unusually high volume suggests institutional participation in today's move. Mixed technical signals appeared with Slingshot Bullish suggesting upside potential, while Fell Below 20 DMA and Fell Below 50 DMA and New Downtrend and MACD Bearish Signal Line Cross and Directional Movement Crossover Bearish indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 26.03, 25.15 & 24.64, with resistance at 27.42, 27.93 & 28.81.
Current SwingTradeBot Technical Rating of LWAY: D
More technical signals and insights for LWAY → Visit SwingTradeBot.com
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