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Orthofix International (OFIX) Reaches Initial Resistance Level, Watch for 1.3% Potential Upside Continuation

Written on Tue, 07/06/2010 - 10:19am
By Chip Brian

SmarTrend has detected shares of Orthofix International (NASDAQ:OFIX) have bullishly opened above the pivot of $32.10 today and have reached the first resistance level of $32.44.
We are watching for a cross of the next upside pivot targets of $32.92 and $33.74. Also, the shares are currently trading above the 50-day moving average of $32.31 and above the 200-day moving average of $32.30.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Orthofix International on June 17, 2010 at $32.01. Since the call, the stock has risen 1.5%.

Keywords: orthofix international pivot points

Ticker(s): OFIX

Contact Chip Brian



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