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The 15-minute chart of Badger Meter has recently triggered a MACD Death Cross and a KDJ Death Cross, accompanied by a Bearish Marubozu pattern observed on December 3rd at 10:30. This technical indicator suggests that the stock price has the potential to continue its downward trend, with a shift in momentum towards the downside. The bears appear to be in control of the market, and there is a likelihood that the bearish momentum will persist.
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