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Watch for Shares of Kendle International (KNDL) to Approach Resistance at $13.28

Written on Mon, 07/26/2010 - 12:50pm
By Chip Brian

SmarTrend has detected shares of Kendle International (NASDAQ:KNDL) have bullishly opened above the pivot of $12.77 today and have reached the first resistance level of $13.10.
We are watching for a cross of the next upside pivot targets of $13.28 and $13.79. Also, the shares are currently trading below the 200-day moving average of $16.54 and should find support at the 50-day moving average of $12.93.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Kendle International on May 06, 2010 at $15.43. Since the call, the stock has fallen 14.3%.

Keywords: kendle international pivot points

Ticker(s): KNDL

Contact Chip Brian



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