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Drew Industries (DW) Approaches New Upside Target of $21.57

Written on Thu, 07/29/2010 - 10:01am
By Chip Brian

SmarTrend has detected shares of Drew Industries (NYSE:DW) have bullishly opened above the pivot of $20.91 today and have reached the first resistance level of $21.33.
We are watching for a cross of the next upside pivot targets of $21.57 and $22.23. Also, the shares are currently trading above the 50-day moving average of $20.50 and should find resistance at the 200-day moving average of $21.70.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Drew Industries on July 26, 2010 at $21.41. Since the call, the stock has risen 0.1%.

Keywords: drew industries pivot points

Ticker(s): DW

Contact Chip Brian



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