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Is STLD showing upside potential? Slingshot Bullish shows up after declining 3.24%
STLD finished lower by 3.24% on Thursday, October 30th, trading 1.0 times its typical volume. Multiple bullish signals emerged — Upper Bollinger Band Walk and Slingshot Bullish — suggesting potential strength ahead. Key support levels exist at 156.38, 154.57 & 151.14, with resistance at 161.62, 165.05 & 166.86. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of STLD: B
There’s more where that came from. See all of today’s signals for STLD here.
Read full article here »