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Retalix (RTLX) Reaches Initial Support Level, Watch for 0.18% Additional Downside

Written on Wed, 05/19/2010 - 9:36am
By Chip Brian

SmarTrend has detected shares of Retalix (NASDAQ:RTLX) have bearishly opened below the pivot of $11.25 today and have reached the first level of support of $11.08.
Should the shares continue to fall, we are monitoring the next support pivots of $10.98 and $10.71. Also, the shares are currently trading below the 50-day moving average of $13.27 and below the 200-day moving average of $11.97.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Retalix on April 27, 2010 at $12.88. Since the call, the stock has fallen 14.6%.

Keywords: retalix pivot points

Ticker(s): RTLX

Contact Chip Brian



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