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Watch for Shares of Local.com (LOCM) to Approach Support at $6.09

Written on Thu, 07/29/2010 - 11:19am
By Chip Brian

SmarTrend has detected shares of Local.com (NASDAQ:LOCM) have bearishly opened below the pivot of $6.48 today and have reached the first level of support of $6.24.
Should the shares continue to fall, we are monitoring the next support pivots of $6.09 and $5.70. Also, the shares are currently trading below the 50-day moving average of $7.19 and below the 200-day moving average of $6.43.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Local.com on July 02, 2010 at $6.55. Since the call, the stock has fallen 5.2%.

Keywords: local.com pivot points

Ticker(s): LOCM

Contact Chip Brian



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