Lexmark Nears 50-Day MA
InTheMoneyStocks.com | Jul 15, 2014 12:24PM ET
The leading printer maker -- Lexmark International Inc. (NYSE:LXK) -- is declining lower, today, by $3 to $46.44 a share. Traders and investors should note that Lexmark is now approaching the 50-day moving average at $45.37, which will be near-term support if the level gets tested today.
Future Support
There will also be more daily and intra-day chart support around the $44.30 level. Lexmark International stock pivoted around the $44.30 level on June 12, 2014 before breaking out to new highs. These former pivot levels will be support for Lexmark when retested.
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