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Overhill Farms (OFI) Reaches Initial Resistance Level, Watch for 0.87% Potential Upside Continuation

Written on Wed, 06/09/2010 - 11:04am
By Chip Brian

SmarTrend has detected shares of Overhill Farms (AMEX:OFI) have bullishly opened above the pivot of $6.03 today and have reached the first resistance level of $6.14.
We are watching for a cross of the next upside pivot targets of $6.20 and $6.37. Also, the shares are currently trading above the 50-day moving average of $6.03 and above the 200-day moving average of $5.65.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Overhill Farms on February 04, 2010 at $5.12. Since the call, the stock has risen 20.1%.

Keywords: amex:ofi overhill farms pivot points

Ticker(s): OFI

Contact Chip Brian



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