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LCUT forms 20 Day Moving Average Resistance on September 19
LCUT closed down 3.41% on Friday, September 19th, with volume running 2.2× above average. 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 3.75, 3.68 & 3.55, with resistance at 3.95, 4.08 & 4.15. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of LCUT: F
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