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Shore Bancshares (SHBI) Crosses Pivot Point Support at $11.35

Written on Fri, 07/16/2010 - 10:29am
By Chip Brian

SmarTrend has detected shares of Shore Bancshares (NASDAQ:SHBI) have bearishly opened below the pivot of $11.66 today and have reached the first level of support of $11.35.
Should the shares continue to fall, we are monitoring the next support pivots of $11.16 and $10.67. Also, the shares are currently trading below the 50-day moving average of $12.68 and below the 200-day moving average of $13.92.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Shore Bancshares on May 04, 2010 at $12.84. Since the call, the stock has fallen 12.9%.

Keywords: shore bancshares pivot points

Ticker(s): SHBI

Contact Chip Brian



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