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Is REI signaling selling opportunity? 200 Day Moving Average Resistance shows up after a flat session
On Thursday, September 18th, REI remained flat, accompanied by volume at 0.6× the usual levels. The session formed a 200 DMA Resistance, often signaling a possible continuation. Key support levels exist at 1.03, 1.0 & 0.98, with resistance at 1.08, 1.1 & 1.13.
Current SwingTradeBot Technical Rating of REI: D
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »