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Washington Banking (WBCO) Reaches Initial Resistance Level, Watch for 0.16% Potential Upside Continuation

Written on Mon, 07/26/2010 - 11:52am
By Chip Brian

SmarTrend has detected shares of Washington Banking (NASDAQ:WBCO) have bullishly opened above the pivot of $13.83 today and have reached the first resistance level of $14.16.
We are watching for a cross of the next upside pivot targets of $14.32 and $14.81. Also, the shares are currently trading above the 50-day moving average of $13.13 and above the 200-day moving average of $11.93.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Washington Banking on July 12, 2010 at $13.88. Since the call, the stock has risen 3.1%.

Keywords: washington banking pivot points

Ticker(s): WBCO

Contact Chip Brian



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