• Return to Headlines

Alleghany (Y) Crosses Pivot Point Resistance at $301.46

Written on Mon, 07/26/2010 - 3:01pm
By Chip Brian

SmarTrend has detected shares of Alleghany (NYSE:Y) have bullishly opened above the pivot of $299.79 today and have reached the first resistance level of $301.46.
We are watching for a cross of the next upside pivot targets of $302.67 and $305.55. Also, the shares are currently trading above the 50-day moving average of $294.54 and above the 200-day moving average of $279.96.
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 1.3%.

Keywords: alleghany pivot points

Ticker(s): Y

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.