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Look for Shares of Duff & Phelps to Rebound after Yesterday's 7.95% Sell Off (DUF)

Written on Fri, 07/30/2010 - 3:33am
By Chip Brian

Duff & Phelps (NYSE:DUF) traded in a range yesterday that spanned from a low of $10.02 to a high of $10.90. Yesterday, the shares fell 7.95%, which took the trading range below the 3-day low of $10.95 on volume of 415,000 shares.
Shares of Duff & Phelps are currently trading below their 50-day moving average (MA) of $12.07 and below their 200-day MA of $15.76. Look for these MAs to provide resistance for a short-term rebound in the shares.
SmarTrend is bearish on shares of Duff & Phelps and our subscribers were alerted to Sell on April 23, 2010 at $15.95. The stock has fallen 35.4% since the alert was issued.
SmarTrend has the shares in a Downtrend and expects the share price to rebound toward the $10.95 resistance level. Afterwards, we expect it to move downward with its peers in the SmarTrend Investment Banking & Brokerage industry.

Keywords: duff & phelps trading range stock news

Ticker(s): DUF

Contact Chip Brian



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