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Next Support Level for Xyratex (XRTX) is $13.74

Written on Wed, 07/28/2010 - 11:57am
By Chip Brian

SmarTrend has detected shares of Xyratex (NASDAQ:XRTX) have bearishly opened below the pivot of $14.21 today and have reached the first level of support of $13.96.
Should the shares continue to fall, we are monitoring the next support pivots of $13.74 and $13.27. Also, the shares are currently trading below the 50-day moving average of $14.52 and below the 200-day moving average of $14.48.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Xyratex on May 05, 2010 at $16.36. Since the call, the stock has fallen 15.6%.

Keywords: xyratex pivot points

Ticker(s): XRTX

Contact Chip Brian



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