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Watch for Shares of Landec (LNDC) to Approach Resistance at $6.61

Written on Wed, 07/21/2010 - 9:31am
By Chip Brian

SmarTrend has detected shares of Landec (NASDAQ:LNDC) have bullishly opened above the pivot of $6.50 today and have reached the first resistance level of $6.56.
We are watching for a cross of the next upside pivot targets of $6.61 and $6.72. Also, the shares are currently trading above the 50-day moving average of $6.07 and above the 200-day moving average of $6.36.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Landec on July 14, 2010 at $6.53. Since the call, the stock has risen 0.9%.

Keywords: landec pivot points

Ticker(s): LNDC

Contact Chip Brian



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