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Watch for Shares of National Interstate (NATL) to Approach Resistance at $22.35

Written on Mon, 07/26/2010 - 12:01pm
By Chip Brian

SmarTrend has detected shares of National Interstate (NASDAQ:NATL) have bullishly opened above the pivot of $21.31 today and have reached the first resistance level of $22.01.
We are watching for a cross of the next upside pivot targets of $22.35 and $23.39. Also, the shares are currently trading above the 50-day moving average of $20.43 and above the 200-day moving average of $18.97.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of National Interstate on June 28, 2010 at $21.13. Since the call, the stock has risen 4.6%.

Keywords: national interstate pivot points

Ticker(s): NATL

Contact Chip Brian



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