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Synovis Life Technologies (SYNO) Approaches New Downside Target of $13.62

Written on Wed, 07/07/2010 - 2:17pm
By Chip Brian

SmarTrend has detected shares of Synovis Life Technologies (NASDAQ:SYNO) have bearishly opened below the pivot of $14.22 today and have reached the first level of support of $13.82.
Should the shares continue to fall, we are monitoring the next support pivots of $13.62 and $13.02. Also, the shares are currently trading below the 50-day moving average of $14.95 and below the 200-day moving average of $13.86.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Synovis Life Technologies on July 02, 2010 at $14.49. Since the call, the stock has fallen 4.7%.

Keywords: synovis life technologies pivot points

Ticker(s): SYNO

Contact Chip Brian



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