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Bancorp Rhode Island (BARI) Reaches Initial Resistance Level, Watch for 0.49% Potential Upside Continuation

Written on Thu, 07/29/2010 - 9:39am
By Chip Brian

SmarTrend has detected shares of Bancorp Rhode Island (NASDAQ:BARI) have bullishly opened above the pivot of $28.90 today and have reached the first resistance level of $29.17.
We are watching for a cross of the next upside pivot targets of $29.33 and $29.76. Also, the shares are currently trading above the 50-day moving average of $27.56 and above the 200-day moving average of $26.67.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Bancorp Rhode Island on July 23, 2010 at $28.20. Since the call, the stock has risen 3.5%.

Keywords: bancorp rhode island pivot points

Ticker(s): BARI

Contact Chip Brian



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