Given (GIVN) Shares Nosedive as $15 Support Level Breaks
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Shares of Given Imaging (Nasdaq: GIVN) are down more than 11 percent Monday morning following several weeks of consolidation.
Since the end of June, Given shares broke out to near the $17 resistance level. After failing to move over and hold this level, technicians in the name began selling, pushing the stock to support at $15. The stock gapped below $15 this morning and promptly plunged through the $14 level. Shares seem to have found some support below $13.
Given shares last traded around $13.60. We are seeing an intraday low at $12.14, a new 52-week low for the stock.
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Since the end of June, Given shares broke out to near the $17 resistance level. After failing to move over and hold this level, technicians in the name began selling, pushing the stock to support at $15. The stock gapped below $15 this morning and promptly plunged through the $14 level. Shares seem to have found some support below $13.
Given shares last traded around $13.60. We are seeing an intraday low at $12.14, a new 52-week low for the stock.
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