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Nash Finch (NAFC) Reaches Initial Resistance Level, Watch for 0.74% Potential Upside Continuation

Written on Thu, 07/29/2010 - 9:54am
By Chip Brian

SmarTrend has detected shares of Nash Finch (NASDAQ:NAFC) have bullishly opened above the pivot of $39.37 today and have reached the first resistance level of $39.72.
We are watching for a cross of the next upside pivot targets of $40.14 and $40.91. Also, the shares are currently trading above the 50-day moving average of $36.35 and above the 200-day moving average of $34.63.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Nash Finch on July 14, 2010 at $37.70. Since the call, the stock has risen 5.7%.

Keywords: nash finch pivot points

Ticker(s): NAFC

Contact Chip Brian



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