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Watch for Shares of Bryn Mawr Bank (BMTC) to Approach Support at $16.77

Written on Thu, 06/24/2010 - 1:30pm
By Chip Brian

SmarTrend has detected shares of Bryn Mawr Bank (NASDAQ:BMTC) have bearishly opened below the pivot of $17.23 today and have reached the first level of support of $17.03.
Should the shares continue to fall, we are monitoring the next support pivots of $16.77 and $16.31. Also, the shares are currently trading below the 50-day moving average of $17.95 and should find support at the 200-day moving average of $16.88.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Bryn Mawr Bank on May 20, 2010 at $17.55. Since the call, the stock has fallen 3.2%.

Keywords: bryn mawr bank pivot points

Ticker(s): BMTC

Contact Chip Brian



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