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Watch for Shares of American Dental Partners (ADPI) to Approach Support at $11.51

Written on Wed, 07/28/2010 - 2:46pm
By Chip Brian

SmarTrend has detected shares of American Dental Partners (NASDAQ:ADPI) have bearishly opened below the pivot of $11.90 today and have reached the first level of support of $11.66.
Should the shares continue to fall, we are monitoring the next support pivots of $11.51 and $11.12. Also, the shares are currently trading below the 50-day moving average of $11.99 and below the 200-day moving average of $12.68.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of American Dental Partners on May 10, 2010 at $12.54. Since the call, the stock has fallen 7.2%.

Keywords: american dental partners pivot points

Ticker(s): ADPI

Contact Chip Brian



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