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Altra Holdings (AIMC) Reaches Initial Resistance Level, Watch for 0.97% Potential Upside Continuation

Written on Fri, 07/23/2010 - 10:23am
By Chip Brian

SmarTrend has detected shares of Altra Holdings (NASDAQ:AIMC) have bullishly opened above the pivot of $13.84 today and have reached the first resistance level of $14.30.
We are watching for a cross of the next upside pivot targets of $14.54 and $15.24. Also, the shares are currently trading above the 50-day moving average of $13.23 and above the 200-day moving average of $12.48.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Altra Holdings on July 22, 2010 at $13.73. Since the call, the stock has risen 4.9%.

Keywords: altra holdings pivot points

Ticker(s): AIMC

Contact Chip Brian



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