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Twin Disc (TWIN) Reaches Initial Support Level, Watch for 0.64% Additional Downside

Written on Fri, 07/16/2010 - 11:48am
By Chip Brian

SmarTrend has detected shares of Twin Disc (NASDAQ:TWIN) have bearishly opened below the pivot of $11.54 today and have reached the first level of support of $11.22.
Should the shares continue to fall, we are monitoring the next support pivots of $10.83 and $10.12. Also, the shares are currently trading below the 50-day moving average of $12.46 and below the 200-day moving average of $11.60.
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 16.4%.

Keywords: twin disc pivot points

Ticker(s): TWIN

Contact Chip Brian



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