Comerica (CMA) Crosses Pivot Point Support at $24.41 on Astini News

Written on Mon, 09/19/2011 - 2:43pm

By Nick Russo

SmarTrend has detected shares of Comerica (NYSE:CMA) have bearishly opened below the pivot of $24.84 today and have reached the first level of support of $24.41.
Should the shares continue to fall, we are monitoring the next support pivots of $23.89 and $22.94. Also, the shares should find initial resistance at the 50-day moving average of $27.61 and further resistance at the 200-day moving average of $35.35.
In the last five trading sessions, the 50-day MA has fallen 3.64% while the 200-day MA has slid 0.89%.
In the past 52 weeks, shares of Comerica have traded between a low of $21.79 and a high of $43.53 and are now at $24.27, which is 11% above that low price.
SmarTrend is monitoring the recent change of momentum in Comerica. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Comerica in search of a potential trend change.