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Otter Tail (OTTR) Breaks Through Resistance at $20.82

Written on Tue, 07/27/2010 - 10:27am
By Chip Brian

SmarTrend has detected shares of Otter Tail (NASDAQ:OTTR) have bullishly opened above the pivot of $20.62 today and have reached the first resistance level of $20.82.
We are watching for a cross of the next upside pivot targets of $20.97 and $21.32. Also, the shares are currently trading above the 50-day moving average of $19.70 and should find resistance at the 200-day moving average of $21.94.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Otter Tail on July 26, 2010 at $20.60. Since the call, the stock has risen 1.2%.

Keywords: otter tail pivot points

Ticker(s): OTTR

Contact Chip Brian



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