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Watch for Shares of LMP Corporate Loan Fund (TLI) to Approach Support at $10.88

Written on Thu, 07/15/2010 - 1:27pm
By Chip Brian

SmarTrend has detected shares of LMP Corporate Loan Fund (NYSE:TLI) have bearishly opened below the pivot of $11.01 today and have reached the first level of support of $10.93.
Should the shares continue to fall, we are monitoring the next support pivots of $10.88 and $10.75. Also, the shares are currently trading below the 50-day moving average of $11.34 and should find support at the 200-day moving average of $10.66.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of LMP Corporate Loan Fund on July 07, 2010 at $10.93. Since the call, the stock has fallen 0.2%.

Keywords: lmp corporate loan fund pivot points

Ticker(s): TLI

Contact Chip Brian



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