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Watch for Shares of Tejon Ranch (TRC) to Approach Support at $22.83

Written on Fri, 07/23/2010 - 9:33am
By Chip Brian

SmarTrend has detected shares of Tejon Ranch (NYSE:TRC) have bearishly opened below the pivot of $23.37 today and have reached the first level of support of $23.10.
Should the shares continue to fall, we are monitoring the next support pivots of $22.83 and $22.29. Also, the shares are currently trading below the 50-day moving average of $24.36 and below the 200-day moving average of $27.91.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Tejon Ranch on March 16, 2010 at $31.30. Since the call, the stock has fallen 26.3%.

Keywords: tejon ranch pivot points

Ticker(s): TRC

Contact Chip Brian



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