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Keegan Resources (KGN) Breaks Through Support at $5.10

Written on Wed, 07/14/2010 - 1:21pm
By Chip Brian

SmarTrend has detected shares of Keegan Resources (AMEX:KGN) have bearishly opened below the pivot of $5.15 today and have reached the first level of support of $5.10.
Should the shares continue to fall, we are monitoring the next support pivots of $5.06 and $4.97. Also, the shares are currently trading below the 50-day moving average of $5.64 and below the 200-day moving average of $5.81.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Keegan Resources on June 10, 2010 at $5.22. Since the call, the stock has fallen 2.8%.

Keywords: amex:kgn keegan resources pivot points

Ticker(s): KGN

Contact Chip Brian



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