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Is RGA primed for downward momentum? Fell Below 50 Day Moving Average shows up after sinking 2.24%
On Thursday, October 16th, RGA moved down 2.24% while volume was to 0.8× the usual levels. Multiple bearish signals emerged — Fell Below 50 DMA and MACD Bearish Signal Line Cross — suggesting potential weakness ahead. Key support levels exist at 186.31, 184.54 & 182.72, with resistance at 189.89, 191.71 & 193.48.
Current SwingTradeBot Technical Rating of RGA: D
There’s more where that came from. See all of today’s signals for RGA here.
Read full article here »