American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Altaba tackles current resistance - Analysis - 17-07-2017

Economies.com
2017-07-17 14:22PM UTC

Altaba's stock (AABA) kept rising in the short-term trading, scoring another profit of 1.36% in the last session, or 0.77 point, and tackling the pivotal resistance of 57.39, amid positive support from the 50-day SMA, with the dominance of the main upward short-term trend, as relative power indicators reached extremely overbought levels compared to the stock's movement. 

 

Therefore we expect more gains for the stock, provided it pierces the resistance of 57.39, targeting the next one at 60.90. 

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