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Twin Disc (TWIN) Reaches Initial Support Level, Watch for 1.43% Additional Downside

Written on Mon, 07/12/2010 - 10:37am
By Chip Brian

SmarTrend has detected shares of Twin Disc (NASDAQ:TWIN) have bearishly opened below the pivot of $11.46 today and have reached the first level of support of $11.24.
Should the shares continue to fall, we are monitoring the next support pivots of $11.03 and $10.60. Also, the shares are currently trading below the 50-day moving average of $12.65 and below the 200-day moving average of $11.62.
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 14.2%.

Keywords: twin disc pivot points

Ticker(s): TWIN

Contact Chip Brian



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