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Next Resistance Level for Alleghany (Y) is $303.74

Written on Mon, 07/12/2010 - 10:23am
By Chip Brian

SmarTrend has detected shares of Alleghany (NYSE:Y) have bullishly opened above the pivot of $299.95 today and have reached the first resistance level of $302.47.
We are watching for a cross of the next upside pivot targets of $303.74 and $307.53. Also, the shares are currently trading above the 50-day moving average of $293.17 and above the 200-day moving average of $277.86.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Alleghany on June 14, 2010 at $298.43. Since the call, the stock has risen 1.7%.

Keywords: alleghany pivot points

Ticker(s): Y

Contact Chip Brian



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