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Globecomm Systems (GCOM) Breaks Through Resistance at $8.01

Written on Mon, 07/26/2010 - 1:41pm
By Chip Brian

SmarTrend has detected shares of Globecomm Systems (NASDAQ:GCOM) have bullishly opened above the pivot of $7.78 today and have reached the first resistance level of $8.01.
We are watching for a cross of the next upside pivot targets of $8.21 and $8.64. Also, the shares are currently trading above the 50-day moving average of $8.00 and above the 200-day moving average of $7.67.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Globecomm Systems on April 02, 2009 at $6.25. Since the call, the stock has risen 29.1%.

Keywords: globecomm systems pivot points

Ticker(s): GCOM

Contact Chip Brian



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