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Next Support Level for Gulf Island Fabrication (GIFI) is $14.65

Written on Tue, 06/08/2010 - 9:45am
By Chip Brian

SmarTrend has detected shares of Gulf Island Fabrication (NASDAQ:GIFI) have bearishly opened below the pivot of $15.86 today and have reached the first level of support of $15.06.
Should the shares continue to fall, we are monitoring the next support pivots of $14.65 and $13.44. Also, the shares are currently trading below the 50-day moving average of $21.12 and below the 200-day moving average of $19.81.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Gulf Island Fabrication on May 06, 2010 at $21.20. Since the call, the stock has fallen 30.7%.

Keywords: gulf island fabrication pivot points

Ticker(s): GIFI

Contact Chip Brian



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