Diamond Foods (DMND) Shares Bounce Sharply Off $19 Level; Traders Look to Resistance at $19.50
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Shares of Diamond Foods (Nasdaq: DMND) are making a decided move over a resistance/support level at $19. Certainly adding to the momentum Wednesday morning, the price charged through the 50-day simple moving average just minutes after the open and has since continued through the 200-day with only minimal resistance. The price marked an intraday high at $19.59, but now has pushed back below a technical level at $19.50.
Volume seems rather light this morning.
The stock is now up 2.5 percent to $19.47.
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Volume seems rather light this morning.
The stock is now up 2.5 percent to $19.47.
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