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Farmer Bros (FARM) Breaks Through Support at $14.90

Written on Thu, 07/01/2010 - 11:51am
By Chip Brian

SmarTrend has detected shares of Farmer Bros (NASDAQ:FARM) have bearishly opened below the pivot of $15.13 today and have reached the first level of support of $14.90.
Should the shares continue to fall, we are monitoring the next support pivots of $14.71 and $14.29. Also, the shares are currently trading below the 50-day moving average of $17.63 and below the 200-day moving average of $18.64.
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 13.3%.

Keywords: farmer bros pivot points

Ticker(s): FARM

Contact Chip Brian



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