|
New Resistance Levels for Kirby Corporation (KEX)
NEW YORK (Market Intellisearch) -- In today's trading session, the shares of Kirby Corporation crossed below the 50-day moving
average indicating a likely bearish trend. Recent activity signals that the shares may
continue to head lower in the foreseeable future assuming that the moving average
continues to rise with the price of the equity. Shares of KEX settled the day down $3.38 to
$38.52 on heavier than usual volume. Today, the stock price ranged between $37.04 and $39.22.
The stock's 52 week low is 30.8 and the 52 week high is 43.96.
Other relevant figures to examine are the support and resistance levels. Based on the pivot points, the current support
and resistance levels for KEX are 37.3 and 39.48 respectively. If the support point price is broken in an downward movement, then the bearish trend is likely to continue and vice versa.
Disclaimer: The material presented in this commentary is provided for informational purposes only and is based upon information that is
considered to be reliable. Neither Market Intellisearch nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as
such. Neither Market Intellisearch nor its affiliates are responsible for any errors or for results obtained from the use of this information.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial
instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without
notice. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly
consider seeking advice from your own financial or investment adviser.
|
