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Next Resistance Level for Lincoln Electric Holdings (LECO) is $54.61

Written on Fri, 07/23/2010 - 12:58pm
By Chip Brian

SmarTrend has detected shares of Lincoln Electric Holdings (NASDAQ:LECO) have bullishly opened above the pivot of $53.11 today and have reached the first resistance level of $54.07.
We are watching for a cross of the next upside pivot targets of $54.61 and $56.11. Also, the shares should find initial support at the 50-day moving average of $53.41 and further support at the 200-day moving average of $52.94.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Lincoln Electric Holdings on July 19, 2010 at $50.35. Since the call, the stock has fallen -8.3%.

Keywords: lincoln electric holdings pivot points

Ticker(s): LECO

Contact Chip Brian



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