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Is MGPI poised for a decline? New 52 Week Closing Low shows up after dropping 1.13%
MGPI posted a 1.13% loss on Monday, September 29th, accompanied by 1.4× normal trading volume. Multiple bearish signals emerged — New 52 Week Low, New 52 Week Closing Low & Lower Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 24.19, 23.97 & 23.65, with resistance at 24.73, 25.05 & 25.27. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of MGPI: F
There’s more where that came from. See all of today’s signals for MGPI here.
Read full article here »