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The Korea Fund (KF) Approaches New Upside Target of $37.08

Written on Fri, 07/23/2010 - 9:31am
By Chip Brian

SmarTrend has detected shares of The Korea Fund (NYSE:KF) have bullishly opened above the pivot of $36.56 today and have reached the first resistance level of $36.87.
We are watching for a cross of the next upside pivot targets of $37.08 and $37.60. Also, the shares are currently trading above the 50-day moving average of $34.76 and above the 200-day moving average of $35.05.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of The Korea Fund on June 14, 2010 at $34.47. Since the call, the stock has risen 7%.

Keywords: the korea fund pivot points

Ticker(s): KF

Contact Chip Brian



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