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Watch for Shares of Provident Financial Holdings (PROV) to Approach Support at $5.40

Written on Wed, 06/16/2010 - 10:02am
By Chip Brian

SmarTrend has detected shares of Provident Financial Holdings (NASDAQ:PROV) have bearishly opened below the pivot of $5.58 today and have reached the first level of support of $5.47.
Should the shares continue to fall, we are monitoring the next support pivots of $5.40 and $5.22. Also, the shares are currently trading below the 50-day moving average of $5.65 and should find support at the 200-day moving average of $5.09.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Provident Financial Holdings on May 25, 2010 at $5.49. Since the call, the stock has fallen 0.5%.

Keywords: provident financial holdings pivot points

Ticker(s): PROV

Contact Chip Brian



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