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Alleghany (Y) Approaches New Upside Target of $301.39

Written on Thu, 07/22/2010 - 1:25pm
By Chip Brian

SmarTrend has detected shares of Alleghany (NYSE:Y) have bullishly opened above the pivot of $297.44 today and have reached the first resistance level of $298.86.
We are watching for a cross of the next upside pivot targets of $301.39 and $305.34. Also, the shares are currently trading above the 50-day moving average of $294.22 and above the 200-day moving average of $279.55.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Alleghany on June 14, 2010 at $298.43. Since the call, the stock has risen 0.3%.

Keywords: alleghany pivot points

Ticker(s): Y

Contact Chip Brian



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