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Altra Holdings (AIMC) Breaks Through Support at $12.76

Written on Fri, 07/16/2010 - 2:26pm
By Chip Brian

SmarTrend has detected shares of Altra Holdings (NASDAQ:AIMC) have bearishly opened below the pivot of $12.92 today and have reached the first level of support of $12.76.
Should the shares continue to fall, we are monitoring the next support pivots of $12.51 and $12.10. Also, the shares are currently trading below the 50-day moving average of $13.38 and should find support at the 200-day moving average of $12.42.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Altra Holdings on June 28, 2010 at $13.09. Since the call, the stock has fallen 2.6%.

Keywords: altra holdings pivot points

Ticker(s): AIMC

Contact Chip Brian



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