• Return to Headlines

DXP Enterprises (DXPE) Breaks Through Resistance at $18.91

Written on Fri, 07/23/2010 - 12:35pm
By Chip Brian

SmarTrend has detected shares of DXP Enterprises (NASDAQ:DXPE) have bullishly opened above the pivot of $18.39 today and have reached the first resistance level of $18.91.
We are watching for a cross of the next upside pivot targets of $19.33 and $20.27. Also, the shares are currently trading above the 50-day moving average of $16.04 and above the 200-day moving average of $13.51.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of DXP Enterprises on July 13, 2010 at $17.35. Since the call, the stock has risen 10.9%.

Keywords: dxp enterprises pivot points

Ticker(s): DXPE

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.