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Is MOFG poised for a decline? Fell Below 20 Day Moving Average shows up after dropping 1.48%
On Friday, September 19th, MOFG moved down 1.48% while volume was to 5.5× the usual levels. The unusually high volume suggests institutional participation in today's move. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 29.09, 28.79 & 28.37, with resistance at 29.8, 30.22 & 30.52.
Current SwingTradeBot Technical Rating of MOFG: C
More technical signals and insights for MOFG → Visit SwingTradeBot.com
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