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Sears Holdings (SHLD) Breaks Through Resistance at $1.31

By Nick Russo

Shares of Sears Holdings (NASDAQ:SHLD) have bullishly opened above the pivot of $1.26 today and have reached the first resistance level of $1.31. Analysts will be watching for a cross of the next upside pivot targets of $1.41 and $1.56.

Over the past year, Sears Holdingshas traded in a range of $0.00 to $7.89 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone down 1.8% while the 50-day MA has declined 4.3%.

Sears Holdings (NASDAQ:SHLD) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $1.50. Sears Holdings shares should first meet resistance at the 50-day moving average (MA) of $1.75 and find additional resistance at the 200-day MA of $2.68.

SmarTrend is monitoring the recent change of momentum in Sears Holdings. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sears Holdings in search of a potential trend change.

Keywords: pivot alerts sears holdings

Ticker(s): SHLD