One day removed from making an all-time-high ($276.64) and all-time-closing high ($276.21), the issue is now clinging to support at the $268.00 area.
After a lower open, it managed a brief pop but found resistance just above the lower-end of Monday's range ($274.31) at $274.50 and then continued its move lower. So far, the ensuing decline has found support in a familiar area as $268.26 stands as the current low for the session as of 11:55 a.m. EST.
Over the last eleven sessions, the issue has found support at the $268.00 area in six of those sessions. The lows have ranged from its April 17 low ($267.91) to its April 18 low ($268.22).
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