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Synovis Life Technologies (SYNO) Approaches New Downside Target of $14.09

Written on Fri, 07/02/2010 - 2:17pm
By Chip Brian

SmarTrend has detected shares of Synovis Life Technologies (NASDAQ:SYNO) have bearishly opened below the pivot of $14.72 today and have reached the first level of support of $14.36.
Should the shares continue to fall, we are monitoring the next support pivots of $14.09 and $13.46. Also, the shares are currently trading above the 200-day moving average of $13.86 and should find resistance at the 50-day moving average of $15.00.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Synovis Life Technologies on June 16, 2010 at $15.44. Since the call, the stock has risen -7.4%.

Keywords: synovis life technologies pivot points

Ticker(s): SYNO

Contact Chip Brian



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