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Tejon Ranch (TRC) Approaches New Downside Target of $22.76

Written on Fri, 07/16/2010 - 10:31am
By Chip Brian

SmarTrend has detected shares of Tejon Ranch (NYSE:TRC) have bearishly opened below the pivot of $23.14 today and have reached the first level of support of $22.98.
Should the shares continue to fall, we are monitoring the next support pivots of $22.76 and $22.38. Also, the shares are currently trading below the 50-day moving average of $24.88 and below the 200-day moving average of $27.96.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Tejon Ranch on March 16, 2010 at $31.30. Since the call, the stock has fallen 26.9%.

Keywords: tejon ranch pivot points

Ticker(s): TRC

Contact Chip Brian



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