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Twin Disc (TWIN) Approaches New Upside Target of $12.83

Written on Mon, 07/26/2010 - 1:46pm
By Chip Brian

SmarTrend has detected shares of Twin Disc (NASDAQ:TWIN) have bullishly opened above the pivot of $12.31 today and have reached the first resistance level of $12.66.
We are watching for a cross of the next upside pivot targets of $12.83 and $13.35. Also, the shares should find initial support at the 50-day moving average of $12.25 and further support at the 200-day moving average of $11.59.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Twin Disc on May 05, 2010 at $13.04. Since the call, the stock has fallen 1.9%.

Keywords: twin disc pivot points

Ticker(s): TWIN

Contact Chip Brian



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