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Next Support Level for Unit Corp (UNT) is $40.43

Written on Wed, 07/28/2010 - 1:11pm
By Chip Brian

SmarTrend has detected shares of Unit Corp (NYSE:UNT) have bearishly opened below the pivot of $41.90 today and have reached the first level of support of $41.04.
Should the shares continue to fall, we are monitoring the next support pivots of $40.43 and $38.96. Also, the shares are currently trading below the 50-day moving average of $41.94 and below the 200-day moving average of $43.52.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Unit Corp on June 24, 2010 at $43.03. Since the call, the stock has fallen 4.7%.

Keywords: unit corp pivot points

Ticker(s): UNT

Contact Chip Brian



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