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Swiss Helvetia Fund (SWZ) Crosses Pivot Point Support at $10.06

Written on Fri, 05/21/2010 - 11:35am
By Chip Brian

SmarTrend has detected shares of Swiss Helvetia Fund (NYSE:SWZ) have bearishly opened below the pivot of $10.14 today and have reached the first level of support of $10.06.
Should the shares continue to fall, we are monitoring the next support pivots of $9.94 and $9.73. Also, the shares are currently trading below the 50-day moving average of $11.54 and below the 200-day moving average of $11.55.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Swiss Helvetia Fund on May 06, 2010 at $10.57. Since the call, the stock has fallen 5.2%.

Keywords: swiss helvetia fund pivot points

Ticker(s): SWZ

Contact Chip Brian
Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

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