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Next Resistance Level for Swiss Helvetia Fund (SWZ) is $11.31

Written on Thu, 07/29/2010 - 11:54am
By Chip Brian

SmarTrend has detected shares of Swiss Helvetia Fund (NYSE:SWZ) have bullishly opened above the pivot of $11.20 today and have reached the first resistance level of $11.23.
We are watching for a cross of the next upside pivot targets of $11.31 and $11.42. Also, the shares are currently trading above the 50-day moving average of $10.65 and should find resistance at the 200-day moving average of $11.37.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Swiss Helvetia Fund on July 08, 2010 at $10.97. Since the call, the stock has risen 2.6%.

Keywords: swiss helvetia fund pivot points

Ticker(s): SWZ

Contact Chip Brian



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