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Watch for Shares of Washington Federal (WFSL) to Approach Resistance at $17.72

Written on Tue, 07/27/2010 - 1:35pm
By Chip Brian

SmarTrend has detected shares of Washington Federal (NASDAQ:WFSL) have bullishly opened above the pivot of $17.45 today and have reached the first resistance level of $17.63.
We are watching for a cross of the next upside pivot targets of $17.72 and $17.99. Also, the shares are currently trading above the 50-day moving average of $17.05 and should find resistance at the 200-day moving average of $18.71.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Washington Federal on July 21, 2010 at $17.33. Since the call, the stock has risen 1.8%.

Keywords: washington federal pivot points

Ticker(s): WFSL

Contact Chip Brian



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