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Watch for Shares of West Pharmaceutical Services (WST) to Approach Support at $34.60

Written on Mon, 07/19/2010 - 10:33am
By Chip Brian

SmarTrend has detected shares of West Pharmaceutical Services (NYSE:WST) have bearishly opened below the pivot of $35.54 today and have reached the first level of support of $34.94.
Should the shares continue to fall, we are monitoring the next support pivots of $34.60 and $33.66. Also, the shares are currently trading below the 50-day moving average of $38.37 and below the 200-day moving average of $39.45.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of West Pharmaceutical Services on April 27, 2010 at $41.43. Since the call, the stock has fallen 15.8%.

Keywords: west pharmaceutical services pivot points

Ticker(s): WST

Contact Chip Brian



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