Resistance and Support Levels
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Stock Of The Day: Is Molina Healthcare About To Break Out?
Benzinga· 2025-12-31 17:22
Core Viewpoint - Molina Healthcare, Inc. (NYSE:MOH) is currently facing a resistance level around $170.50, which is expected to change in January as the stock is unlikely to remain at this level for long [1][2]. Group 1: Resistance and Support Levels - The stock previously found support at $170.50 in September, leading to a rally, but this support was broken in October, resulting in a decline in share price [4]. - When the stock price rallied back to the resistance level in December, many investors who had previously bought at support placed sell orders, creating a concentration of resistance at the same price [5]. Group 2: Potential Outcomes - There is a possibility that buyers may eventually overpower sellers, leading to a breakout above the resistance level, which typically results in an upward trend as buyers compete to outbid each other [6]. - Conversely, if sellers become anxious and lower their selling prices, it could trigger a downward movement, creating a snowball effect as more sellers follow suit [7].