SmarTrend has detected shares of Lancaster Colony (NASDAQ:LANC) have bearishly opened below the pivot of $53.61 today and have reached the first level of support of $53.24.
Should the shares continue to fall, we are monitoring the next support pivots of $52.78 and $51.95. Also, the shares are currently trading below the 50-day moving average of $54.38 and below the 200-day moving average of $53.71.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Lancaster Colony on April 30, 2010 at $55.72. Since the call, the stock has fallen 4.5%.