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Orthofix International (OFIX) Breaks Through Support at $29.17

Written on Wed, 07/28/2010 - 2:06pm
By Chip Brian

SmarTrend has detected shares of Orthofix International (NASDAQ:OFIX) have bearishly opened below the pivot of $29.61 today and have reached the first level of support of $29.17.
Should the shares continue to fall, we are monitoring the next support pivots of $28.70 and $27.79. Also, the shares are currently trading below the 50-day moving average of $31.30 and below the 200-day moving average of $32.39.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Orthofix International on July 20, 2010 at $29.89. Since the call, the stock has fallen 2.5%.

Keywords: orthofix international pivot points

Ticker(s): OFIX

Contact Chip Brian



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