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Deutsche Bank Stock: Look Out Below

Bruce Kamich

is in the news this morning, with the stock falling to a new low around $10.50 as it struggles with a number of fundamental issues. Let's dive into the charts and indicators now to see what might be a downside price target and tentative support. In the daily bar chart of DB, below, we can see that prices have been below the declining 50-day simple moving average line since late January.