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KMG Chemicals (KMGB) Breaks Through Resistance at $15.27

Written on Wed, 07/14/2010 - 10:11am
By Chip Brian

SmarTrend has detected shares of KMG Chemicals (NASDAQ:KMGB) have bullishly opened above the pivot of $14.77 today and have reached the first resistance level of $15.27.
We are watching for a cross of the next upside pivot targets of $15.61 and $16.45. Also, the shares are currently trading below the 50-day moving average of $15.89 and should find support at the 200-day moving average of $15.12.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of KMG Chemicals on May 20, 2010 at $15.59. Since the call, the stock has fallen 2%.

Keywords: kmg chemicals pivot points

Ticker(s): KMGB

Contact Chip Brian



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