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Next Resistance Level for Eagle Rock Energy (EROC) is $5.85

Written on Wed, 07/28/2010 - 3:15pm
By Chip Brian

SmarTrend has detected shares of Eagle Rock Energy (NASDAQ:EROC) have bullishly opened above the pivot of $5.71 today and have reached the first resistance level of $5.77.
We are watching for a cross of the next upside pivot targets of $5.85 and $5.99. Also, the shares are currently trading above the 50-day moving average of $5.26 and above the 200-day moving average of $5.58.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Eagle Rock Energy on July 23, 2010 at $5.66. Since the call, the stock has risen 2.3%.

Keywords: eagle rock energy pivot points

Ticker(s): EROC

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.

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