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Watch for Shares of Baldwin & Lyons (BWINB) to Approach Resistance at $23.77

Written on Mon, 07/26/2010 - 11:34am
By Chip Brian

SmarTrend has detected shares of Baldwin & Lyons (NASDAQ:BWINB) have bullishly opened above the pivot of $22.56 today and have reached the first resistance level of $23.36.
We are watching for a cross of the next upside pivot targets of $23.77 and $24.98. Also, the shares should find initial support at the 200-day moving average of $23.60 and further support at the 50-day moving average of $22.25.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Baldwin & Lyons on July 20, 2010 at $21.25. Since the call, the stock has fallen -11.3%.

Keywords: baldwin & lyons pivot points

Ticker(s): BWINB

Contact Chip Brian



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