LEVEL 3 (LVLT)

[mr_bitterness]

Yes, but only minor declines off the recent highs, and holding the gains of the gap up very well. Better to churn 3 - 3.25 for a bit, it still has to bust out of 3.50 which has proven very tough in the past. Chart has to weaken some in order to gain strength and momo again, holding up nicely for how oversold it was. The more it churns and the longer it holds these levels, the more significant the jump off the next gap imo.

Many indicators ahve fallen to or very near the point of support. MACD is on the way back down and looks like it is holding down RSI and SS, both of which are touching the supporting trendlines. Be short-term wary if SS %K does not flatten out or turn back up in a day or two.