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NYMAGIC (NYM) Reaches Initial Resistance Level, Watch for 0.14% Potential Upside Continuation

Written on Mon, 07/26/2010 - 1:39pm
By Chip Brian

SmarTrend has detected shares of NYMAGIC (NYSE:NYM) have bullishly opened above the pivot of $25.39 today and have reached the first resistance level of $25.42.
We are watching for a cross of the next upside pivot targets of $25.47 and $25.55. Also, the shares are currently trading above the 50-day moving average of $21.01 and above the 200-day moving average of $18.61.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of NYMAGIC on June 15, 2010 at $21.39. Since the call, the stock has risen 18.9%.

Keywords: nymagic pivot points

Ticker(s): NYM

Contact Chip Brian



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