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Watch for Shares of First Citizens BancShares (FCNCA) to Approach Resistance at $207.03

Written on Fri, 06/18/2010 - 10:28am
By Chip Brian

SmarTrend has detected shares of First Citizens BancShares (NASDAQ:FCNCA) have bullishly opened above the pivot of $204.36 today and have reached the first resistance level of $205.41.
We are watching for a cross of the next upside pivot targets of $207.03 and $209.70. Also, the shares are currently trading above the 50-day moving average of $202.22 and above the 200-day moving average of $175.30.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of First Citizens BancShares on June 03, 2010 at $204.52. Since the call, the stock has risen 0.4%.

Keywords: first citizens bancshares pivot points

Ticker(s): FCNCA

Contact Chip Brian



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