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Watch for Shares of Ch Robinson (CHRW) to Approach Support at $68.36

By Nick Russo

Ch Robinson (NASDAQ:CHRW) has opened bearishly below the pivot of $69.28 today and has reached the first level of support at $68.91. Investors may be interested in a cross of the next downside pivot targets of $68.36 and $67.44.

Ch Robinson (NASDAQ:CHRW) has potential upside of 6.3% based on a current price of $68.96 and analysts' consensus price target of $73.32. The stock should find resistance at its 50-day moving average (MA) of $72.75, as well as support at its 200-day MA of $68.65.

In the past 52 weeks, shares of Ch Robinson have traded between a low of $65.57 and a high of $81.16 and are now at $68.96, which is 5% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Ch Robinson and will alert subscribers who have CHRW in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts ch robinson

Ticker(s): CHRW