SmarTrend has detected shares of Kirby (NYSE:KEX) have bullishly opened above the pivot of $39.88 today and have reached the first resistance level of $40.39.
We are watching for a cross of the next upside pivot targets of $41.22 and $42.56. Also, the shares should find initial support at the 50-day moving average of $39.56 and further support at the 200-day moving average of $36.67.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Kirby on June 30, 2010 at $38.78. Since the call, the stock has fallen -5%.