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Koppers Holdings (KOP) Approaches New Downside Target of $24.81

Written on Wed, 07/28/2010 - 11:17am
By Chip Brian

SmarTrend has detected shares of Koppers Holdings (NYSE:KOP) have bearishly opened below the pivot of $25.49 today and have reached the first level of support of $25.14.
Should the shares continue to fall, we are monitoring the next support pivots of $24.81 and $24.13. Also, the shares are currently trading below the 50-day moving average of $25.37 and below the 200-day moving average of $28.26.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Koppers Holdings on April 12, 2010 at $26.71. Since the call, the stock has fallen 6.5%.

Keywords: koppers holdings pivot points

Ticker(s): KOP

Contact Chip Brian



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