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Next Resistance Level for Globecomm Systems (GCOM) is $7.87

Written on Thu, 07/22/2010 - 2:08pm
By Chip Brian

SmarTrend has detected shares of Globecomm Systems (NASDAQ:GCOM) have bullishly opened above the pivot of $7.67 today and have reached the first resistance level of $7.73.
We are watching for a cross of the next upside pivot targets of $7.87 and $8.07. Also, the shares are currently trading above the 200-day moving average of $7.66 and should find resistance at the 50-day moving average of $8.02.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Globecomm Systems on April 02, 2009 at $6.25. Since the call, the stock has risen 24.6%.

Keywords: globecomm systems pivot points

Ticker(s): GCOM

Contact Chip Brian



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