Next Resistance Level for Novell (NOVL) is $6.01
SmarTrend has detected shares of Novell (NASDAQ: NOVL) have bullishly opened above the pivot of $5.97 today and have reached the first resistance level of $5.99.
We are watching for a cross of the next upside pivot targets of $6.01 and $6.05. Also, the shares are currently trading above the 50-day moving average of $5.93 and above the 200-day moving average of $5.91.
In the last five trading sessions, the 50-day MA has climbed 0.25% while the 200-day MA has remained constant.
In the past 52 weeks, shares of Novell have traded between a low of $4.43 and a high of $6.53 and are now at $6.00, which is 35% above that low price.
SmarTrend currently has shares of Novell in an Uptrend and issued the Uptrend alert on January 06, 2010 at $4.53. The stock has risen 32% since the Uptrend alert was issued.
Write to Chip Brian at cbrian@tradethetrend.com
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