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Watch for Shares of Woodward Governor (WGOV) to Approach Resistance at $29.13

Written on Wed, 07/14/2010 - 12:27pm
By Chip Brian

SmarTrend has detected shares of Woodward Governor (NASDAQ:WGOV) have bullishly opened above the pivot of $27.97 today and have reached the first resistance level of $28.71.
We are watching for a cross of the next upside pivot targets of $29.13 and $30.30. Also, the shares should find initial support at the 50-day moving average of $28.37 and further support at the 200-day moving average of $27.67.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Woodward Governor on June 30, 2010 at $25.96. Since the call, the stock has fallen -10.6%.

Keywords: woodward governor pivot points

Ticker(s): WGOV

Contact Chip Brian



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