• Return to Headlines

United Fire & Casualty (UFCS) Breaks Through Resistance at $20.08

Written on Tue, 07/13/2010 - 2:51pm
By Chip Brian

SmarTrend has detected shares of United Fire & Casualty (NASDAQ:UFCS) have bullishly opened above the pivot of $19.90 today and have reached the first resistance level of $20.08.
We are watching for a cross of the next upside pivot targets of $20.44 and $20.98. Also, the shares are currently trading above the 200-day moving average of $18.87 and should find resistance at the 50-day moving average of $21.17.
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 11.3%.

Keywords: united fire & casualty pivot points

Ticker(s): UFCS

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.