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Watch for Shares of Outdoor Channel Holdings (OUTD) to Approach Resistance at $6.02

Written on Tue, 07/27/2010 - 12:41pm
By Chip Brian

SmarTrend has detected shares of Outdoor Channel Holdings (NASDAQ:OUTD) have bullishly opened above the pivot of $5.50 today and have reached the first resistance level of $5.84.
We are watching for a cross of the next upside pivot targets of $6.02 and $6.54. Also, the shares are currently trading above the 50-day moving average of $5.32 and should find resistance at the 200-day moving average of $5.93.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Outdoor Channel Holdings on July 13, 2010 at $5.24. Since the call, the stock has risen 12.4%.

Keywords: outdoor channel holdings pivot points

Ticker(s): OUTD

Contact Chip Brian



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