SmarTrend has detected shares of Lancaster Colony (NASDAQ:LANC) have bearishly opened below the pivot of $54.55 today and have reached the first level of support of $54.12.
Should the shares continue to fall, we are monitoring the next support pivots of $53.83 and $53.11. Also, the shares are currently trading below the 50-day moving average of $54.05 and should find support at the 200-day moving average of $53.84.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Lancaster Colony on April 30, 2010 at $55.72. Since the call, the stock has fallen 3.1%.