For today's chart we've chosen to take a look at WGL because it is testing the support of a six-month trendline. As you can see from the chart below, the sloping trendline has been able to prop up the stock price of WGL several times in the past (illustrated by the white arrows). Many traders may use today's move off the trendline to confirm the strength of the support and would likely expect a bounce higher like it has done in the past. Technical traders would hold a moderately bullish outlook on the stock until they see a move below the dotted trendline.
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