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Is MGPI ready to move lower? New 52 Week Closing Low shows up after slipping 0.86%
MGPI closed down 0.86% on Tuesday, September 30th, with volume running 1.1× above average. Multiple bearish signals emerged — New 52 Week Low, New 52 Week Closing Low, New Downtrend & Lower Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 23.84, 23.5 & 23.19, with resistance at 24.49, 24.8 & 25.14. 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 »