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Watch for Shares of LMP Corporate Loan Fund (TLI) to Approach Resistance at $11.28

Written on Fri, 06/25/2010 - 9:34am
By Chip Brian

SmarTrend has detected shares of LMP Corporate Loan Fund (NYSE:TLI) have bullishly opened above the pivot of $11.15 today and have reached the first resistance level of $11.20.
We are watching for a cross of the next upside pivot targets of $11.28 and $11.41. Also, the shares are currently trading above the 200-day moving average of $10.56 and should find resistance at the 50-day moving average of $11.56.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of LMP Corporate Loan Fund on April 15, 2009 at $7.27. Since the call, the stock has risen 54.3%.

Keywords: lmp corporate loan fund pivot points

Ticker(s): TLI

Contact Chip Brian



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