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Furniture Brands (FBN) Crosses Pivot Point Support at $5.34

Written on Wed, 07/28/2010 - 2:02pm
By Chip Brian

SmarTrend has detected shares of Furniture Brands (NYSE:FBN) have bearishly opened below the pivot of $5.53 today and have reached the first level of support of $5.34.
Should the shares continue to fall, we are monitoring the next support pivots of $5.19 and $4.85. Also, the shares are currently trading below the 50-day moving average of $6.20 and below the 200-day moving average of $5.82.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Furniture Brands on May 24, 2010 at $6.65. Since the call, the stock has fallen 20.2%.

Keywords: furniture brands pivot points

Ticker(s): FBN

Contact Chip Brian



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