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Donegal Group (DGICA) Breaks Through Support at $11.82

Written on Thu, 07/29/2010 - 11:52am
By Chip Brian

SmarTrend has detected shares of Donegal Group (NASDAQ:DGICA) have bearishly opened below the pivot of $11.98 today and have reached the first level of support of $11.82.
Should the shares continue to fall, we are monitoring the next support pivots of $11.73 and $11.48. Also, the shares are currently trading below the 50-day moving average of $12.60 and below the 200-day moving average of $14.29.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Donegal Group on May 07, 2010 at $13.96. Since the call, the stock has fallen 15.9%.

Keywords: donegal group pivot points

Ticker(s): DGICA

Contact Chip Brian



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