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Franklin Res Inc (BEN) Crosses Pivot Point Resistance at $30.01

By Amy Schwartz

Shares of Franklin Res Inc (NYSE:BEN) have bullishly opened above the pivot of $29.70 today and have reached the first resistance level of $30.01. Analysts will be watching for a cross of the next upside pivot targets of $30.24 and $30.78.

Franklin Res Inc (NYSE:BEN) has potential upside of 17.2% based on a current price of $29.79 and analysts' consensus price target of $34.92. The stock should find initial resistance at its 50-day moving average (MA) of $31.20 and further resistance at its 200-day MA of $32.19.

In the past 52 weeks, shares of Franklin Res Inc have traded between a low of $25.57 and a high of $35.82 and are now at $29.79, which is 17% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.9%.

SmarTrend is monitoring the recent change of momentum in Franklin Res Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Franklin Res Inc in search of a potential trend change.

Keywords: pivot alerts franklin res inc

Ticker(s): BEN