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Fresh Del Monte Produce (FDP) Approaches New Downside Target of $19.14

Written on Mon, 07/19/2010 - 11:17am
By Chip Brian

SmarTrend has detected shares of Fresh Del Monte Produce (NYSE:FDP) have bearishly opened below the pivot of $19.77 today and have reached the first level of support of $19.36.
Should the shares continue to fall, we are monitoring the next support pivots of $19.14 and $18.51. Also, the shares should find initial resistance at the 50-day moving average of $20.62 and further resistance at the 200-day moving average of $21.34.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Fresh Del Monte Produce on June 18, 2010 at $21.47. Since the call, the stock has risen -10%.

Keywords: fresh del monte produce pivot points

Ticker(s): FDP

Contact Chip Brian



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