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Next Resistance Level for Brown-Forman (BF.A) is $63.55

Written on Fri, 07/23/2010 - 2:09pm
By Chip Brian

SmarTrend has detected shares of Brown-Forman (NYSE:BF.A) have bullishly opened above the pivot of $62.79 today and have reached the first resistance level of $63.25.
We are watching for a cross of the next upside pivot targets of $63.55 and $64.31. Also, the shares are currently trading above the 50-day moving average of $59.41 and above the 200-day moving average of $56.78.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Brown-Forman on June 14, 2010 at $60.45. Since the call, the stock has risen 4.7%.

Keywords: brown-forman pivot points

Ticker(s): BF.A

Contact Chip Brian



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