• Return to Headlines

Tejon Ranch (TRC) Breaks Through Support at $22.88

Written on Mon, 07/12/2010 - 9:56am
By Chip Brian

SmarTrend has detected shares of Tejon Ranch (NYSE:TRC) have bearishly opened below the pivot of $23.06 today and have reached the first level of support of $22.88.
Should the shares continue to fall, we are monitoring the next support pivots of $22.67 and $22.28. Also, the shares are currently trading below the 50-day moving average of $25.36 and below the 200-day moving average of $28.02.
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 27%.

Keywords: tejon ranch pivot points

Ticker(s): TRC

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.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.