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Watch for Shares of Comerica (CMA) to Approach Support at $37.84

Written on Fri, 07/30/2010 - 12:56pm
By Chip Brian

SmarTrend has detected shares of Comerica (NYSE:CMA) have bearishly opened below the pivot of $38.90 today and have reached the first level of support of $38.30.
Should the shares continue to fall, we are monitoring the next support pivots of $37.84 and $36.78. Also, the shares are currently trading above the 50-day moving average of $37.88 and above the 200-day moving average of $35.24.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Comerica on July 13, 2010 at $39.73. Since the call, the stock has risen -3.8%.

Keywords: Comerica pivot points

Ticker(s): CMA

Contact Chip Brian



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