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Is IBP signaling selling opportunity? 50 Day Moving Average Resistance shows up after sinking 0.58%
On Wednesday, October 1st, IBP moved down 0.58% while volume shrunk to 0.7× the usual levels. 50 DMA Resistance was spotted, which could indicate a shift in momentum. Key support levels exist at 241.66, 238.1 & 233.7, with resistance at 249.62, 254.02 & 257.58. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of IBP: D
This might just be the start. See what else showed up for IBP today.
Read full article here »