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Is EGG poised for gains? Bullish Engulfing shows up after advancing 0.9%
On Friday, September 19th, EGG moved up 0.9% while volume shrunk to 0.2× the usual levels. Mixed technical signals appeared with Bullish Engulfing and Stochastic Buy Signal suggesting upside potential, while 20 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 5.49, 5.39 & 5.23, with resistance at 5.75, 5.91 & 6.01. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of EGG: F
Just a sneak peek — check SwingTradeBot.com for the full story on EGG.
Read full article here »