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Brown-Forman (BF.A) Crosses Pivot Point Resistance at $64.91

Written on Tue, 07/27/2010 - 1:31pm
By Chip Brian

SmarTrend has detected shares of Brown-Forman (NYSE:BF.A) have bullishly opened above the pivot of $64.27 today and have reached the first resistance level of $64.91.
We are watching for a cross of the next upside pivot targets of $65.23 and $66.19. Also, the shares are currently trading above the 50-day moving average of $59.57 and above the 200-day moving average of $56.90.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Brown-Forman on June 14, 2010 at $60.45. Since the call, the stock has risen 7.6%.

Keywords: brown-forman pivot points

Ticker(s): BF.A

Contact Chip Brian



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