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SUPERVALU (SVU) Crosses Pivot Point Resistance at $3.77
[January 29, 2013]

SUPERVALU (SVU) Crosses Pivot Point Resistance at $3.77

Jan 29, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of SUPERVALU (NYSE:SVU) opened today above their pivot of $3.65 and have already reached the first level of resistance at $3.77. Analysts will be watching for a cross of the next upside pivot targets of $3.85 and $4.05.

In the past 52 weeks, SUPERVALU share prices have been bracketed by a low of $1.68 and a high of $7.20 and are now at $3.79, 126% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has slid 0.8%.

SUPERVALU (NYSE:SVU) defies analysts with a current price ($3.79) 4.4% above its average consensus price target of $3.62. The stock should discover initial support at its 200-day moving average (MA) of $3.42 and subsequent support at its 50-day MA of $2.86.

SmarTrend recommended that subscribers consider buying shares of SUPERVALU on August 1st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.51. Since that recommendation, shares of SUPERVALU have risen 46.6%. We continue to monitor SVU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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