- Quidel bearish trend is facing a possible turning point at $90.18
- Walmart's upper Bollinger Band® at $157.21, suggesting a further decline is forthcoming.
Quidel Corporation made an initial foray below its 200 day Simple Moving Average around $94.38. Quidel's upper Bollinger Band® is at $96.49 which indicates a further downward move may follow. On the other hand, note that Quidel is eyeing the $90.18 support line.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting Quidel to extend its recent losses.
Zoom's bearish trend is facing a possible turning point at $71.43, which is only 73 cents away. Will be interesting to follow. Around $73.13, Zoom can look to establish a new bullish phase beyond its 10 day Simple Moving Average.
Despite muted price action in Zoom, chart analysis indicates it is positioned for a bullish run in the short term.
Walmart's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Price action remains constrained around the key Fibonacci level of $145.95 currently serving as support. If price action breaks below, the next Fib hurdle is $144.17. Despite this, a convincing break of this target could pave the way for deeper losses.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting Walmart to extend its recent losses.
Fundamental indicators – United States Producer Price Index beat the 0.2% projections, with 0.3%.