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Match Group Inc. (MTCH) – stock is trading around $71.91 dollars as of December, 16, 2019 and offering a possible buying price between $71.91 – $75.51. Let’s look at the stocks technical actions using a weekly chart.
2. The stock doubled during the great run from the mid January breakout.
3. The stock finally witnessed a stalling week back in August and failed to regain the new high in subsequent week.
4. The stock then started to recede and the 50 day moving average (DMA) started to serve as a resistance.
5. The stock, however found support at the 200 DMA, the long term support line.
6. The stock just regained the 50 DMA support line, again.
7. The stock is offering possible buying price between $71.91 – $75.51, with a stop loss at $66.16.
This stock is already part of the Stocks Under 100 Dollars pick and performance will be tracked here .
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