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Gulf Island Fabrication (GIFI) Approaches New Upside Target of $18.44

Written on Thu, 06/17/2010 - 2:10pm
By Chip Brian

SmarTrend has detected shares of Gulf Island Fabrication (NASDAQ:GIFI) have bullishly opened above the pivot of $17.90 today and have reached the first resistance level of $18.16.
We are watching for a cross of the next upside pivot targets of $18.44 and $18.98. Also, the shares should find initial resistance at the 200-day moving average of $19.86 and further resistance at the 50-day moving average of $20.56.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Gulf Island Fabrication on June 15, 2010 at $17.85. Since the call, the stock has risen 2%.

Keywords: gulf island fabrication pivot points

Ticker(s): GIFI

Contact Chip Brian



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