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Republic Bancorp (RBCAA) Reaches Initial Resistance Level, Watch for 0.15% Potential Upside Continuation

Written on Tue, 07/27/2010 - 10:09am
By Chip Brian

SmarTrend has detected shares of Republic Bancorp (NASDAQ:RBCAA) have bullishly opened above the pivot of $25.79 today and have reached the first resistance level of $26.18.
We are watching for a cross of the next upside pivot targets of $26.38 and $26.97. Also, the shares are currently trading above the 50-day moving average of $23.77 and above the 200-day moving average of $20.15.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Republic Bancorp on July 26, 2010 at $25.70. Since the call, the stock has risen 2.5%.

Keywords: republic bancorp pivot points

Ticker(s): RBCAA

Contact Chip Brian



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