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Legacy Bancorp (LEGC) Crosses Pivot Point Support at $8.40

Written on Mon, 07/12/2010 - 11:59am
By Chip Brian

SmarTrend has detected shares of Legacy Bancorp (NASDAQ:LEGC) have bearishly opened below the pivot of $8.70 today and have reached the first level of support of $8.40.
Should the shares continue to fall, we are monitoring the next support pivots of $8.25 and $7.80. Also, the shares are currently trading below the 50-day moving average of $8.87 and below the 200-day moving average of $9.55.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Legacy Bancorp on August 13, 2009 at $11.61. Since the call, the stock has fallen 28%.

Keywords: legacy bancorp pivot points

Ticker(s): LEGC

Contact Chip Brian



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