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Syms (SYMS) Breaks Through Support at $7.03

Written on Wed, 07/07/2010 - 1:02pm
By Chip Brian

SmarTrend has detected shares of Syms (NASDAQ:SYMS) have bearishly opened below the pivot of $7.08 today and have reached the first level of support of $7.03.
Should the shares continue to fall, we are monitoring the next support pivots of $6.99 and $6.90. Also, the shares are currently trading below the 50-day moving average of $7.79 and below the 200-day moving average of $8.15.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Syms on May 05, 2010 at $9.05. Since the call, the stock has fallen 22.7%.

Keywords: pivot points

Ticker(s): SYMS

Contact Chip Brian



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