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InfoSpace (INSP) Reaches Initial Support Level, Watch for 0.79% Additional Downside

Written on Wed, 07/28/2010 - 12:18pm
By Chip Brian

SmarTrend has detected shares of InfoSpace (NASDAQ:INSP) have bearishly opened below the pivot of $8.16 today and have reached the first level of support of $7.99.
Should the shares continue to fall, we are monitoring the next support pivots of $7.91 and $7.66. Also, the shares are currently trading below the 200-day moving average of $9.23 and should find support at the 50-day moving average of $7.84.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of InfoSpace on May 07, 2010 at $9.10. Since the call, the stock has fallen 12.4%.

Keywords: infospace pivot points

Ticker(s): INSP

Contact Chip Brian



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