The technical trend is mixed:
Overall/Longer-term: The stock is in a broad consolidation/downtrend from its April/May highs.
Short-term: The stock is neutral or slightly bearish following a failed breakout attempt, currently trading just below a key longer-term moving average.
Key Level: A clear break and close above the red moving average (approx. $$$76.50 - $$$77) would be a strong bullish sign. A break and close below the recent consolidation low (approx. $$$71.00) would confirm a new bearish leg.
Overall/Longer-term: The stock is in a broad consolidation/downtrend from its April/May highs.
Short-term: The stock is neutral or slightly bearish following a failed breakout attempt, currently trading just below a key longer-term moving average.
Key Level: A clear break and close above the red moving average (approx. $$$76.50 - $$$77) would be a strong bullish sign. A break and close below the recent consolidation low (approx. $$$71.00) would confirm a new bearish leg.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.