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Evolving Systems (EVOL) Approaches New Upside Target of $7.04

Written on Tue, 07/13/2010 - 9:47am
By Chip Brian

SmarTrend has detected shares of Evolving Systems (NASDAQ:EVOL) have bullishly opened above the pivot of $6.91 today and have reached the first resistance level of $6.99.
We are watching for a cross of the next upside pivot targets of $7.04 and $7.17. Also, the shares are currently trading above the 200-day moving average of $6.66 and should find resistance at the 50-day moving average of $7.07.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Evolving Systems on August 18, 2009 at $5.28. Since the call, the stock has risen 33.3%.

Keywords: evolving systems pivot points

Ticker(s): EVOL

Contact Chip Brian



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