- Bullish session prepares challenge of $8.95 level, currently 33 cents above current price of $8.62
- The lower Bollinger Band® is currently at $7.04 while the higher band is at $12.09
It will be interesting to follow how LegalZoom.com, Inc.'s run now faces a challenge at $8.95, which is only 33 cents away. Bollinger Band® analysis indicates that current price action is approaching the upper band at $8.94, thereby suggesting that LegalZoom is becoming overvalued.
Overall, looking at the technical analysis landscape, it seems LegalZoom is likely to reverse course and start pointing down in the short term.
Diageo's run now faces a challenge at $174.9, which is only $1.08 away and will be interesting to follow.
Around $11.54, BridgeBio Pharma can look to establish a new bullish phase beyond its 3 day Simple Moving Average. On the other hand, note that BridgeBio Pharma's run now faces a challenge at $11.72, which is only 7 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. BridgeBio Pharma's upper Bollinger Band® is at $12.09.
Overall, looking at the technical analysis landscape, it seems BridgeBio Pharma likely to continue pointing upward in the short term.
Fundamental indicators – highly important Initial Jobless Claims data from United States beat analyst expectations of 190,000 with a reading of 196,000.