• Return to Headlines

Watch for Shares of Twin Disc (TWIN) to Approach Support at $12.15

Written on Tue, 06/29/2010 - 11:00am
By Chip Brian

SmarTrend has detected shares of Twin Disc (NASDAQ:TWIN) have bearishly opened below the pivot of $12.66 today and have reached the first level of support of $12.43.
Should the shares continue to fall, we are monitoring the next support pivots of $12.15 and $11.64. Also, the shares are currently trading below the 50-day moving average of $13.20 and should find support at the 200-day moving average of $11.75.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Twin Disc on May 05, 2010 at $13.04. Since the call, the stock has fallen 5.8%.

Keywords: twin disc pivot points

Ticker(s): TWIN

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.