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Watch for Shares of Value Line (VALU) to Approach Support at $14.63

Written on Mon, 07/19/2010 - 11:11am
By Chip Brian

SmarTrend has detected shares of Value Line (NASDAQ:VALU) have bearishly opened below the pivot of $15.30 today and have reached the first level of support of $14.92.
Should the shares continue to fall, we are monitoring the next support pivots of $14.63 and $13.96. Also, the shares are currently trading below the 50-day moving average of $18.33 and below the 200-day moving average of $24.48.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Value Line on April 26, 2010 at $21.92. Since the call, the stock has fallen 32.1%.

Keywords: value line pivot points

Ticker(s): VALU

Contact Chip Brian



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