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Next Resistance Level for Multi-Fineline Electronix (MFLX) is $26.54

Written on Thu, 07/29/2010 - 9:01am
By Chip Brian

SmarTrend has detected shares of Multi-Fineline Electronix (NASDAQ:MFLX) have bullishly opened above the pivot of $25.88 today and have reached the first resistance level of $26.13.
We are watching for a cross of the next upside pivot targets of $26.54 and $27.20. Also, the shares are currently trading above the 50-day moving average of $25.36 and above the 200-day moving average of $25.59.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Multi-Fineline Electronix on July 26, 2010 at $26.23. Since the call, the stock has risen 0.1%.

Keywords: multi-fineline electronix pivot points

Ticker(s): MFLX

Contact Chip Brian



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