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QLT (QLTI) Reaches Initial Resistance Level, Watch for 0.48% Potential Upside Continuation

Written on Tue, 07/13/2010 - 9:53am
By Chip Brian

SmarTrend has detected shares of QLT (NASDAQ:QLTI) have bullishly opened above the pivot of $5.83 today and have reached the first resistance level of $5.90.
We are watching for a cross of the next upside pivot targets of $5.95 and $6.07. Also, the shares are currently trading above the 200-day moving average of $4.97 and should find resistance at the 50-day moving average of $6.02.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of QLT on November 25, 2009 at $4.25. Since the call, the stock has risen 39.2%.

Keywords: qlt pivot points

Ticker(s): QLTI

Contact Chip Brian



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