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Franklin Res Inc (BEN) Approaches New Downside Target of $42.99

By David Diaz

Shares of Franklin Res Inc (NYSE:BEN) have bearishly opened below the pivot of $43.38 today and have reached the first support level of $43.20. Should the shares continue to fall, the support pivots of $42.99 and $42.60 will be of interest.

There is potential upside of 0.0% for shares of Franklin Res Inc based on a current price of $0.00 and an average consensus analyst price target of $43.09. The stock should find initial resistance at its 50-day moving average (MA) of $38.32 and further resistance at its 200-day MA of $38.57.

Franklin Res Inc share prices have moved between a 52-week high of $47.65 and the current low of $0.00 and are currently at $0.00 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Franklin Res Inc and will alert subscribers who have BEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts franklin res inc

Ticker(s): BEN