• Return to Headlines

MutualFirst Financial (MFSF) Crosses Pivot Point Support at $6.25

Written on Tue, 07/06/2010 - 9:45am
By Chip Brian

SmarTrend has detected shares of MutualFirst Financial (NASDAQ:MFSF) have bearishly opened below the pivot of $6.32 today and have reached the first level of support of $6.25.
Should the shares continue to fall, we are monitoring the next support pivots of $6.17 and $6.02. Also, the shares are currently trading below the 50-day moving average of $7.55 and below the 200-day moving average of $6.81.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of MutualFirst Financial on June 09, 2010 at $6.89. Since the call, the stock has fallen 9.6%.

Keywords: mutualfirst financial pivot points

Ticker(s): MFSF

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.