SmarTrend has detected shares of The Korea Fund (NYSE:KF) have bearishly opened below the pivot of $33.91 today and have reached the first level of support of $33.54.
Should the shares continue to fall, we are monitoring the next support pivots of $33.30 and $32.69. Also, the shares are currently trading below the 50-day moving average of $36.22 and below the 200-day moving average of $34.52.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of The Korea Fund on May 06, 2010 at $33.95. Since the call, the stock has fallen 1.9%.