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Watch for Shares of John Hancock Investors Trust (JHI) to Approach Resistance at $20.88

Written on Wed, 06/02/2010 - 10:27am
By Chip Brian

SmarTrend has detected shares of John Hancock Investors Trust (NYSE:JHI) have bullishly opened above the pivot of $20.65 today and have reached the first resistance level of $20.79.
We are watching for a cross of the next upside pivot targets of $20.88 and $21.11. Also, the shares are currently trading above the 50-day moving average of $20.32 and above the 200-day moving average of $18.65.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of John Hancock Investors Trust on December 28, 2009 at $18.57. Since the call, the stock has risen 12%.

Keywords: john hancock investors trust pivot points

Ticker(s): JHI

Contact Chip Brian



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