Pall Corp. (PLL) Moving Into Correction

Pall Corp. (NYSE: PLL) fell 5.1% to $38.88 for the biggest decline in the S&P 500 by Friday afternoon. The producer of filters for drugmakers and refineries Pall Corp (PLL) forecast its 2010 earnings, excluding some items, at $2.05 a share in a best case scenario.

Pall Corp (PLL) also breached below its 20 day MA in the process during the day, to signal an initial trend of weakness on the charts. Once Pall Corp (PLL) falls below $37.53 level, it would confirm the bearish trend to follow in the stock.