• Return to Headlines

Farmer Bros (FARM) Approaches New Downside Target of $14.68

Written on Fri, 07/16/2010 - 9:16am
By Chip Brian

SmarTrend has detected shares of Farmer Bros (NASDAQ:FARM) have bearishly opened below the pivot of $14.99 today and have reached the first level of support of $14.80.
Should the shares continue to fall, we are monitoring the next support pivots of $14.68 and $14.37. Also, the shares are currently trading below the 50-day moving average of $16.84 and below the 200-day moving average of $18.34.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Farmer Bros on May 25, 2010 at $17.14. Since the call, the stock has fallen 13.9%.

Keywords: farmer bros pivot points

Ticker(s): FARM

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.