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Equifax tests former support trendline after steep decline
Equifax (EFX) recently closed at $188.18 after a significant 39% decline from its 2024 highs, placing the stock at a critical juncture. It is now testing a former multi-year ascending support trendline, which has potentially flipped into resistance, a classic technical analysis scenario. The stock is currently trading between this overhead resistance and a major support level at $159.93, with its next move set to determine if this is a bounce opportunity or a continuation of the bearish trend.