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Buckeye Holdings (BGH) Breaks Through Resistance at $41.79

Written on Mon, 07/26/2010 - 1:23pm
By Chip Brian

SmarTrend has detected shares of Buckeye Holdings (NYSE:BGH) have bullishly opened above the pivot of $41.44 today and have reached the first resistance level of $41.79.
We are watching for a cross of the next upside pivot targets of $42.03 and $42.62. Also, the shares are currently trading above the 50-day moving average of $35.63 and above the 200-day moving average of $31.56.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Buckeye Holdings on June 11, 2010 at $36.08. Since the call, the stock has risen 16%.

Keywords: buckeye holdings pivot points

Ticker(s): BGH

Contact Chip Brian



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