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United Fire & Casualty (UFCS) Approaches New Upside Target of $21.23

Written on Fri, 06/25/2010 - 2:10pm
By Chip Brian

SmarTrend has detected shares of United Fire & Casualty (NASDAQ:UFCS) have bullishly opened above the pivot of $20.67 today and have reached the first resistance level of $20.92.
We are watching for a cross of the next upside pivot targets of $21.23 and $21.79. Also, the shares are currently trading above the 200-day moving average of $18.84 and should find resistance at the 50-day moving average of $21.27.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of United Fire & Casualty on March 08, 2010 at $18.21. Since the call, the stock has risen 15.5%.

Keywords: united fire & casualty pivot points

Ticker(s): UFCS

Contact Chip Brian



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